Williams-Sonoma Inc. (WSM) Earns “Buy” Rating from Nomura
Williams-Sonoma Inc. (NYSE:WSM)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Monday. They presently have a $65.00 price target on the stock. Nomura’s price target points to a potential upside of 22.78% from the stock’s current price.
WSM has been the topic of a number of other research reports. Oppenheimer Holdings Inc. initiated coverage on Williams-Sonoma in a research note on Tuesday, September 20th. They set an “outperform” rating on the stock. Barclays PLC set a $40.00 target price on Williams-Sonoma and gave the stock a “sell” rating in a research note on Friday. Credit Suisse Group AG initiated coverage on Williams-Sonoma in a research note on Thursday, August 25th. They set a “neutral” rating and a $50.00 target price on the stock. Vetr lowered Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 target price on the stock. in a research note on Monday, August 29th. Finally, Argus reiterated a “buy” rating and set a $75.00 target price on shares of Williams-Sonoma in a research note on Monday, August 29th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $57.23.
Shares of Williams-Sonoma (NYSE:WSM) traded up 0.28% during mid-day trading on Monday, reaching $53.09. The company had a trading volume of 355,861 shares. Williams-Sonoma has a 12-month low of $45.96 and a 12-month high of $65.42. The stock has a market capitalization of $4.70 billion, a P/E ratio of 15.90 and a beta of 0.84. The firm’s 50 day moving average is $48.79 and its 200-day moving average is $51.66.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, analysts expect that Williams-Sonoma will post $3.46 earnings per share for the current fiscal 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 issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. Williams-Sonoma’s payout ratio is currently 44.18%.
In related news, insider Janet Hayes sold 15,027 shares of the company’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total value of $747,442.98. Following the completion of the transaction, the insider now directly owns 32,776 shares in the company, valued at $1,630,278.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 80,000 shares of the company’s 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 transaction, the chief executive officer now owns 307,860 shares of the company’s stock, valued at $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Williams-Sonoma by 2.2% in the second quarter. Vanguard Group Inc. now owns 5,819,191 shares of the company’s stock valued at $303,353,000 after buying an additional 123,732 shares during the period. Blackhill Capital Inc. raised its position in shares of Williams-Sonoma by 0.3% in the second quarter. Blackhill Capital Inc. now owns 4,974,375 shares of the company’s stock valued at $259,314,000 after buying an additional 12,776 shares during the period. Bank of New York Mellon Corp raised its position in shares of Williams-Sonoma by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,351,855 shares of the company’s stock valued at $171,213,000 after buying an additional 675,438 shares during the period. HS Management Partners LLC raised its position in shares of Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock valued at $162,248,000 after buying an additional 531,800 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Williams-Sonoma by 3.8% in the third quarter. BlackRock Fund Advisors now owns 3,054,456 shares of the company’s stock valued at $156,022,000 after buying an additional 111,283 shares during the period. Institutional investors own 98.91% 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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