Williams-Sonoma Inc. to Post FY2017 Earnings of $3.42 Per Share, Jefferies Group Forecasts (WSM)
Williams-Sonoma Inc. (NYSE:WSM) – Jefferies Group reduced their FY2017 earnings estimates for shares of Williams-Sonoma in a research note issued on Friday. Jefferies Group analyst D. Binder now anticipates that the firm will earn $3.42 per share for the year, down from their prior forecast of $3.48. Jefferies Group currently has a “Hold” rating and a $56.00 target price on the stock. Jefferies Group also issued estimates for Williams-Sonoma’s Q4 2017 earnings at $1.52 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $1.62 EPS, FY2018 earnings at $3.62 EPS and FY2019 earnings at $3.97 EPS.
A number of other research firms have also recently commented on WSM. Nomura reaffirmed a “buy” rating and issued a $75.00 price target on shares of Williams-Sonoma in a 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 price target on the stock in a 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 price target on the stock. in a report on Tuesday, August 23rd. Citigroup Inc. lowered their price target on shares of Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating on the stock in a 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 analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently 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. Williams-Sonoma has a one year low of $45.96 and a one year high of $65.08. The firm has a 50 day moving average price of $49.08 and a 200-day moving average price of $51.52. The firm has a market cap of $4.83 billion, a P/E ratio of 16.34 and a beta of 0.84.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. The firm 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 company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS.
The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.69%. Williams-Sonoma’s dividend payout ratio is currently 44.18%.
In other news, CEO Laura Alber sold 80,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 307,860 shares in the company, valued at $16,375,073.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the sale, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised 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 in the last quarter. 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 worth $107,000 after buying an additional 236 shares during the last quarter. 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. 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 worth $148,000 after buying an additional 1,100 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in Williams-Sonoma during the second quarter worth about $157,000. Institutional investors own 98.91% of the company’s stock.
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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