Analysts Set Williams-Sonoma Inc. (WSM) Price Target at $58.66
Shares of Williams-Sonoma Inc. (NYSE:WSM) have earned a consensus rating of “Hold” from the twenty-seven ratings firms that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $55.89.
Several analysts have recently issued reports on the stock. Nomura reissued a “buy” rating and set a $65.00 price objective on shares of Williams-Sonoma in a research note on Monday. SunTrust Banks Inc. reissued a “buy” rating on shares of Williams-Sonoma in a research note on Saturday. Barclays PLC set a $40.00 price objective on shares of Williams-Sonoma and gave the stock a “sell” rating in a report on Friday. Telsey Advisory Group cut their target price on shares of Williams-Sonoma from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th.
Williams-Sonoma (NYSE:WSM) opened at 53.57 on Thursday. Williams-Sonoma has a one year low of $45.96 and a one year high of $65.08. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 16.04 and a beta of 0.84. The firm’s 50 day moving average price is $48.98 and its 200 day moving average price is $51.54.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The company earned $1.25 million during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Williams-Sonoma will post $3.46 earnings per share 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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is 44.18%.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of Williams-Sonoma stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the sale, the insider now owns 32,776 shares of the company’s stock, valued at approximately $1,630,278.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief executive officer now directly owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of WSM. BlackRock Advisors LLC raised its stake in shares of Williams-Sonoma by 213.2% in the third quarter. BlackRock Advisors LLC now owns 1,440,275 shares of the company’s stock worth $73,569,000 after buying an additional 980,370 shares during the period. Fiera Capital Corp raised its stake in shares of Williams-Sonoma by 2,173.7% in the second quarter. Fiera Capital Corp now owns 1,014,091 shares of the company’s stock worth $52,865,000 after buying an additional 969,491 shares during the period. Bank of New York Mellon Corp raised its stake 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 worth $171,213,000 after buying an additional 675,438 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Williams-Sonoma by 517.1% in the third quarter. Neuberger Berman Group LLC now owns 684,725 shares of the company’s stock worth $34,976,000 after buying an additional 573,774 shares during the period. Finally, HS Management Partners LLC raised its stake 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 worth $162,248,000 after buying an additional 531,800 shares during the period. 98.91% of the stock is 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.
Receive News & Stock Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related stocks with our FREE daily email newsletter.