SunTrust Banks Comments on Williams-Sonoma Inc.’s FY2017 Earnings (WSM)
Williams-Sonoma Inc. (NYSE:WSM) – Equities research analysts at SunTrust Banks cut their FY2017 earnings per share (EPS) estimates for Williams-Sonoma in a report released on Thursday. SunTrust Banks analyst D. Magee now forecasts that the firm will post earnings of $3.40 per share for the year, down from their prior forecast of $3.45. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Williams-Sonoma’s Q4 2017 earnings at $1.52 EPS, Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.66 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $1.77 EPS, FY2018 earnings at $3.85 EPS and FY2019 earnings at $4.35 EPS.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The firm had revenue of $1.25 million for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year.
WSM has been the topic of a number of other research reports. Oppenheimer Holdings Inc. assumed coverage on shares of Williams-Sonoma in a research report on Tuesday, September 20th. They issued an “outperform” rating on the stock. Barclays PLC set a $40.00 price target on shares of Williams-Sonoma and gave the stock a “sell” rating in a research report on Friday. Credit Suisse Group AG started coverage on shares of Williams-Sonoma in a research report on Thursday, August 25th. They set a “neutral” rating and a $50.00 price target on the stock. Vetr cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 price target on the stock. in a research report on Monday, August 29th. Finally, Argus reissued a “buy” rating and set a $75.00 price target on shares of Williams-Sonoma in a research report on Monday, August 29th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.23.
Williams-Sonoma (NYSE:WSM) opened at 54.45 on Monday. Williams-Sonoma has a 12 month low of $45.96 and a 12 month high of $65.08. The stock has a market cap of $4.82 billion, a P/E ratio of 16.30 and a beta of 0.84. The stock has a 50 day moving average of $48.98 and a 200-day moving average of $51.54.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be issued 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 (DPR) is currently 44.18%.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of the firm’s 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 completion of the sale, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 80,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the completion of 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 owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its stake 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 increased 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 valued at $107,000 after buying an additional 236 shares during the period. D.A. Davidson & CO. increased its position in Williams-Sonoma by 58.1% in the third quarter. D.A. Davidson & CO. now owns 2,286 shares of the company’s stock valued at $115,000 after buying an additional 840 shares during the period. NEXT Financial Group Inc increased 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 valued at $148,000 after buying an additional 1,100 shares during the period. Finally, Toronto Dominion Bank purchased a new position in Williams-Sonoma during the second quarter valued at about $157,000. 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.
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