William Blair Brokers Lower Earnings Estimates for Williams-Sonoma Inc. (WSM)
Williams-Sonoma Inc. (NYSE:WSM) – William Blair decreased their FY2017 EPS estimates for shares of Williams-Sonoma in a report issued on Friday. William Blair analyst D. Hofkin now anticipates that the brokerage will earn $3.40 per share for the year, down from their previous forecast of $3.44. William Blair also issued estimates for Williams-Sonoma’s Q4 2017 earnings at $1.52 EPS and FY2018 earnings at $3.55 EPS.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The business had revenue of $1.25 million for the quarter, compared to the consensus estimate of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share.
Other equities analysts have also recently issued research reports about the stock. Nomura reissued a “buy” rating and set a $75.00 target price on shares of Williams-Sonoma in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, August 10th. Vetr cut shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 target price on the stock. in a research report on Tuesday, August 23rd. Citigroup Inc. dropped their target price on shares of Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Finally, Argus reaffirmed a “buy” rating and issued a $75.00 price target on shares of Williams-Sonoma in a report on Monday, August 29th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.16.
Shares of Williams-Sonoma (NYSE:WSM) opened at 54.93 on Monday. The firm has a 50 day moving average price of $49.08 and a 200-day moving average price of $51.52. Williams-Sonoma has a one year low of $45.96 and a one year high of $65.08. The firm has a market cap of $4.83 billion, a P/E ratio of 16.34 and a beta of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is 44.18%.
In related news, insider Janet Hayes sold 15,027 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,630,278.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Laura Alber sold 80,000 shares of the stock in a transaction dated 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 directly owns 307,860 shares of the company’s stock, valued at $16,375,073.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. 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 worth $115,000 after buying an additional 840 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Williams-Sonoma during the third quarter worth about $544,000. Colony Group LLC increased 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 worth $280,000 after buying an additional 1,175 shares during the last quarter. Peloton Wealth Strategists bought a new position in Williams-Sonoma during the third quarter worth about $795,000. Finally, Ameritas Investment Partners Inc. increased 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 worth $1,967,000 after buying an additional 11,721 shares during the last quarter. 98.91% of the stock is owned by institutional investors.
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.
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.