Williams-Sonoma’s (WSM) “Underweight” Rating Reaffirmed at Barclays PLC
Williams-Sonoma Inc. (NYSE:WSM)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays PLC in a note issued to investors on Friday. They presently have a $40.00 price target on the stock. Barclays PLC’s price objective would suggest a potential downside of 25.40% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Nomura set a $75.00 target price on Williams-Sonoma and gave the company a “buy” rating in a report on Thursday, August 18th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Wednesday, August 10th. Vetr cut Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price objective for the company. in a research note on Tuesday, August 23rd. Citigroup Inc. decreased their price objective on Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 25th. Finally, Argus reiterated a “buy” rating and issued a $75.00 price objective on shares of Williams-Sonoma in a research note on Monday, August 29th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $58.96.
Williams-Sonoma (NYSE:WSM) traded down 1.4593% on Friday, reaching $52.8375. 3,381,914 shares of the company’s stock traded hands. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 15.8196 and a beta of 0.84. Williams-Sonoma has a 52-week low of $45.96 and a 52-week high of $66.30. The company’s 50 day moving average is $48.84 and its 200-day moving average is $51.72.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The company earned $1.25 million during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $0.77 EPS. Williams-Sonoma’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts expect that Williams-Sonoma will post $3.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.76%. Williams-Sonoma’s dividend payout ratio is 44.31%.
In related news, CEO Laura Alber sold 80,000 shares of the stock in a transaction on Monday, August 29th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value 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. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in Williams-Sonoma during the third quarter valued at $544,000. Colony Group LLC raised its position in Williams-Sonoma by 27.3% in the third quarter. Colony Group LLC now owns 5,475 shares of the company’s stock valued at $280,000 after buying an additional 1,175 shares during the period. Peloton Wealth Strategists bought a new position in Williams-Sonoma during the third quarter valued at $795,000. Ameritas Investment Partners Inc. raised its position in Williams-Sonoma by 43.7% in the third quarter. Ameritas Investment Partners Inc. now owns 38,518 shares of the company’s stock valued at $1,967,000 after buying an additional 11,721 shares during the period. Finally, KCM Investment Advisors LLC raised its position in Williams-Sonoma by 27.1% in the third quarter. KCM Investment Advisors LLC now owns 65,825 shares of the company’s stock valued at $3,362,000 after buying an additional 14,025 shares during the period. Institutional investors and hedge funds own 95.69% of the company’s stock.
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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