Williams-Sonoma Inc. (WSM) Receives $59.19 Consensus Target Price from Analysts
Shares of Williams-Sonoma Inc. (NYSE:WSM) have been assigned a consensus recommendation of “Hold” from the twenty-nine brokerages that are covering the firm. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $59.19.
WSM has been the subject of several research analyst reports. Barclays PLC reiterated an “underweight” rating and issued a $45.00 price objective on shares of Williams-Sonoma in a research report on Friday, August 12th. Nomura reaffirmed a “buy” rating and set a $75.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 25th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Wednesday, August 10th. Vetr raised Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $57.91 price target for the company in a research report on Tuesday, July 5th. Finally, Wedbush reaffirmed a “neutral” rating and set a $53.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 25th.
In related news, insider Janet Hayes sold 15,027 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total value of $747,442.98. Following the sale, the insider now directly owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 80,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the completion of the sale, the chief executive officer now directly owns 307,860 shares in the company, valued at $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in shares of Williams-Sonoma by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock worth $107,000 after buying an additional 236 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock worth $148,000 after buying an additional 1,100 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Williams-Sonoma during the second quarter worth approximately $157,000. Finally, HL Financial Services LLC purchased a new stake in shares of Williams-Sonoma during the second quarter worth approximately $205,000. 96.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams-Sonoma (NYSE:WSM) opened at 47.54 on Thursday. The firm has a market cap of $4.21 billion, a P/E ratio of 14.23 and a beta of 1.02. Williams-Sonoma has a 52 week low of $47.33 and a 52 week high of $77.82. The stock has a 50 day moving average of $50.49 and a 200 day moving average of $53.32.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The business earned $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $0.58 EPS. Williams-Sonoma’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Williams-Sonoma will post $3.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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