Oppenheimer Holdings Equities Analysts Decrease Earnings Estimates for Williams-Sonoma Inc. (WSM)
Williams-Sonoma Inc. (NYSE:WSM) – Equities researchers at Oppenheimer Holdings reduced their Q4 2017 earnings per share estimates for shares of Williams-Sonoma in a note issued to investors on Friday. Oppenheimer Holdings analyst B. Nagel now expects that the firm will post earnings of $1.52 per share for the quarter, down from their previous forecast of $1.56. Oppenheimer Holdings has a “Market Perform” rating on the stock.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business earned $1.25 million during the quarter, compared to the consensus estimate of $1.26 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The company’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 firm posted $0.77 EPS.
Other research analysts have also issued research reports about the company. Vetr raised Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $58.75 price objective for the company in a report on Wednesday, July 27th. Robert W. Baird reissued an “outperform” rating and set a $61.00 price objective (down previously from $68.00) on shares of Williams-Sonoma in a report on Thursday, August 25th. SunTrust Banks Inc. reissued a “buy” rating on shares of Williams-Sonoma in a report on Saturday. Zacks Investment Research lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wedbush reissued a “neutral” rating and set a $53.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.16.
Williams-Sonoma (NYSE:WSM) traded up 0.009% during mid-day trading on Monday, reaching $54.935. 607,461 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $49.08 and a 200-day moving average of $51.52. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 16.340 and a beta of 0.84. Williams-Sonoma has a one year low of $45.96 and a one year high of $65.08.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. World Asset Management Inc increased its position in shares of Williams-Sonoma by 0.6% in the second quarter. World Asset Management Inc now owns 4,646 shares of the company’s stock worth $242,000 after buying an additional 29 shares during the last quarter. Fisher Asset Management LLC increased its position in Williams-Sonoma by 0.4% in the third quarter. Fisher Asset Management LLC now owns 37,726 shares of the company’s stock worth $1,927,000 after buying an additional 155 shares in the last quarter. Forward Management LLC increased its position in Williams-Sonoma by 2.8% in the third quarter. Forward Management LLC now owns 6,352 shares of the company’s stock worth $325,000 after buying an additional 175 shares in the last quarter. M&T Bank Corp increased its position in Williams-Sonoma by 0.4% in the third quarter. M&T Bank Corp now owns 41,588 shares of the company’s stock worth $2,125,000 after buying an additional 183 shares in the last quarter. Finally, BB&T Securities LLC increased its position in Williams-Sonoma by 3.6% in the second quarter. BB&T Securities LLC now owns 5,537 shares of the company’s stock worth $288,000 after buying an additional 192 shares in the last quarter. 98.91% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Janet Hayes sold 15,027 shares of the company’s 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 of the company’s stock, valued at $1,630,278.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Laura Alber sold 80,000 shares of the company’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 transaction, the chief executive officer now directly owns 307,860 shares in the company, valued at $16,375,073.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
The firm 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s payout ratio is currently 44.18%.
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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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