Williams-Sonoma Inc. (WSM) Releases Q4 Earnings Guidance
Williams-Sonoma Inc. (NYSE:WSM) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus estimate of $1.59. The company issued revenue guidance of $1.570-1.650 billion, compared to the consensus revenue estimate of $1.64 billion.
WSM has been the subject of several recent research reports. Vetr raised Williams-Sonoma from a buy rating to a strong-buy rating and set a $58.75 target price for the company in a report on Wednesday, July 27th. Robert W. Baird reaffirmed an outperform rating and set a $61.00 target price (down from $68.00) on shares of Williams-Sonoma in a report on Thursday, August 25th. Wedbush reaffirmed a neutral rating and set a $53.00 target price on shares of Williams-Sonoma in a report on Thursday, August 4th. Jefferies Group reaffirmed a hold rating and set a $56.00 target price (down from $57.00) on shares of Williams-Sonoma in a report on Thursday, August 25th. Finally, Barclays PLC reaffirmed an underweight rating and set a $45.00 target price on shares of Williams-Sonoma in a report on Friday, August 12th. 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 company. Williams-Sonoma currently has a consensus rating of Hold and a consensus price target of $59.26.
Williams-Sonoma Inc. (NYSE:WSM) opened at 53.62 on Friday. The stock has a 50 day moving average of $48.75 and a 200-day moving average of $51.71. Williams-Sonoma Inc. has a 1-year low of $45.96 and a 1-year high of $67.04. The firm has a market capitalization of $4.75 billion, a P/E ratio of 16.05 and a beta of 0.84.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The firm earned $1.25 million during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.
The company also recently declared 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 is Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.76%. Williams-Sonoma’s dividend payout ratio is 44.31%.
In other news, CEO Laura Alber sold 80,000 shares of Williams-Sonoma 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 transaction, the chief executive officer now directly owns 307,860 shares of the company’s stock, valued at $16,375,073.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Janet Hayes sold 15,027 shares of Williams-Sonoma 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 transaction, the insider now directly owns 32,776 shares in the company, valued at $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank purchased a new position in shares of Williams-Sonoma during the second quarter worth $157,000. Reliance Trust Co. of Delaware bought a new stake in Williams-Sonoma during the second quarter valued at approximately $210,000. Ontario Teachers Pension Plan Board bought a new stake in Williams-Sonoma during the second quarter valued at approximately $232,000. Advisor Group Inc. bought a new stake in Williams-Sonoma during the second quarter valued at approximately $234,000. Finally, Raymond James & Associates bought a new stake in Williams-Sonoma during the second quarter valued at approximately $236,000. 95.69% of the stock is currently owned by institutional investors.
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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