Williams-Sonoma Inc. (WSM) Set to Announce Quarterly Earnings on Thursday
Williams-Sonoma Inc. (NYSE:WSM) is scheduled to announce its Q316 earnings results on Thursday, November 17th. Williams-Sonoma has set its Q3 guidance at $0.75-0.80 EPS and its FY17 guidance at $3.35-3.55 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The company earned $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. Williams-Sonoma’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Williams-Sonoma to post $3.46 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.
Williams-Sonoma Inc. (NYSE:WSM) opened at 52.95 on Tuesday. The company has a market cap of $4.69 billion, a PE ratio of 15.85 and a beta of 0.84. Williams-Sonoma Inc. has a 1-year low of $45.96 and a 1-year high of $69.46. The stock has a 50 day moving average of $48.58 and a 200-day moving average of $51.93.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be issued a $0.37 dividend. The ex-dividend date is Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.80%. Williams-Sonoma’s payout ratio is 44.31%.
WSM has been the topic of a number of research analyst reports. Nomura reaffirmed a “buy” rating and issued a $75.00 target price on shares of Williams-Sonoma in a report on Thursday, August 25th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, August 10th. Vetr lowered shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price target on the stock. in a research note on Tuesday, August 23rd. Citigroup Inc. decreased their price target on shares of Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Finally, Argus reiterated a “buy” rating and issued a $75.00 price target on shares of Williams-Sonoma in a research note on Monday, August 29th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $59.26.
In other news, CEO Laura Alber sold 80,000 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $53.19, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the sale, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Williams-Sonoma by 3.8% in the second quarter. BlackRock Fund Advisors now owns 2,943,173 shares of the company’s stock worth $153,428,000 after buying an additional 108,236 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Williams-Sonoma by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,560,477 shares of the company’s stock worth $133,478,000 after buying an additional 26,060 shares during the last quarter. Janus Capital Management LLC boosted its stake in Williams-Sonoma by 47.4% in the second quarter. Janus Capital Management LLC now owns 1,609,886 shares of the company’s stock worth $83,923,000 after buying an additional 517,949 shares during the last quarter. American Century Companies Inc. boosted its stake in Williams-Sonoma by 36.9% in the second quarter. American Century Companies Inc. now owns 1,075,180 shares of the company’s stock worth $56,049,000 after buying an additional 289,965 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Williams-Sonoma by 7.8% in the second quarter. Dimensional Fund Advisors LP now owns 370,627 shares of the company’s stock worth $19,321,000 after buying an additional 26,695 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.
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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