Williams-Sonoma Inc. (WSM) Rating Lowered to Hold at Vetr Inc.
Williams-Sonoma Inc. (NYSE:WSM) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $54.14 price target on the stock. Vetr‘s price objective suggests a potential upside of 4.30% from the company’s previous close.
A number of other brokerages have also recently issued reports on WSM. Barclays PLC restated an “underweight” rating and set a $45.00 price objective on shares of Williams-Sonoma in a report on Friday, August 12th. Nomura reiterated a “buy” rating and issued a $75.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 25th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, August 10th. Wedbush reiterated a “neutral” rating and issued a $53.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 25th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $61.00 price target (down from $68.00) on shares of Williams-Sonoma in a research note on Thursday, August 25th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $59.26.
Shares of Williams-Sonoma (NYSE:WSM) opened at 51.91 on Tuesday. The firm has a market capitalization of $4.60 billion, a PE ratio of 15.54 and a beta of 0.84. Williams-Sonoma has a 1-year low of $45.96 and a 1-year high of $67.04. The stock has a 50 day moving average price of $48.75 and a 200 day moving average price of $51.71.
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, hitting analysts’ consensus estimates of $0.58. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. 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. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Williams-Sonoma will post $3.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.85%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
In other news, CEO Laura Alber sold 80,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the transaction, the insider now directly owns 32,776 shares in the company, valued at approximately $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in WSM. Acrospire Investment Management LLC boosted its position in 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 period. Advisory Services Network LLC boosted its position in 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 period. NEXT Financial Group Inc boosted its position in 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 period. Toronto Dominion Bank bought a new position in Williams-Sonoma during the second quarter worth about $157,000. Finally, Point View Wealth Management Inc. bought a new position in Williams-Sonoma during the third quarter worth about $203,000. 95.69% of the stock is currently owned by institutional investors.
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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