Williams-Sonoma Inc. (WSM) Downgraded to “Neutral” at Robert W. Baird
Robert W. Baird lowered shares of Williams-Sonoma Inc. (NYSE:WSM) from an outperform rating to a neutral rating in a report issued on Wednesday. The brokerage currently has $51.00 price target on the stock, down from their prior price target of $61.00.
Several other equities analysts have also recently weighed in on WSM. Vetr upgraded Williams-Sonoma from a buy rating to a strong-buy rating and set a $61.50 price target for the company in a report on Tuesday, August 2nd. Wedbush reaffirmed a neutral rating and issued a $53.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 4th. Zacks Investment Research raised Williams-Sonoma from a hold rating to a buy rating and set a $59.00 price objective for the company in a research note on Wednesday, August 10th. Barclays PLC reaffirmed an underweight rating and issued a $45.00 price objective on shares of Williams-Sonoma in a research note on Friday, August 12th. Finally, Nomura set a $75.00 price objective on Williams-Sonoma and gave the company a buy rating in a research note on Thursday, August 18th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $57.12.
Shares of Williams-Sonoma (NYSE:WSM) opened at 54.78 on Wednesday. The stock has a market capitalization of $4.82 billion, a PE ratio of 16.29 and a beta of 0.84. Williams-Sonoma has a 52 week low of $45.96 and a 52 week high of $64.57. The company has a 50-day moving average price of $49.41 and a 200 day moving average price of $51.45.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The business earned $1.25 million during the quarter, compared to analysts’ expectations of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. Equities analysts forecast that Williams-Sonoma will post $3.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. Williams-Sonoma’s dividend payout ratio is currently 44.18%.
In other Williams-Sonoma news, insider James W. Jr. Brett sold 16,355 shares of Williams-Sonoma stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $54.49, for a total transaction of $891,183.95. Following the completion of the sale, the insider now owns 24,978 shares of the company’s stock, valued at approximately $1,361,051.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Janet Hayes sold 15,027 shares of Williams-Sonoma stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total value of $747,442.98. Following the sale, the insider now directly owns 32,776 shares of the company’s stock, valued at approximately $1,630,278.24. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Williams-Sonoma by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 79,372 shares of the company’s stock worth $4,345,000 after buying an additional 1,415 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Williams-Sonoma by 1.7% in the first quarter. Arizona State Retirement System now owns 42,392 shares of the company’s stock worth $2,321,000 after buying an additional 700 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Williams-Sonoma by 5.1% in the first quarter. Royal Bank of Canada now owns 248,787 shares of the company’s stock worth $13,618,000 after buying an additional 12,096 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Williams-Sonoma by 1,520.6% in the second quarter. BNP Paribas Arbitrage SA now owns 37,500 shares of the company’s stock worth $1,955,000 after buying an additional 35,186 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in shares of 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 in the last quarter. 99.98% 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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