Williams-Sonoma’s (WSM) Neutral Rating Reaffirmed at Wedbush
Several other research firms have also issued reports on WSM. Piper Jaffray Cos. reaffirmed a neutral rating and issued a $56.00 price objective (down from $60.00) on shares of Williams-Sonoma in a research note on Friday, August 26th. Vetr lowered Williams-Sonoma from a hold rating to a sell rating and set a $52.53 price objective for the company. in a research note on Tuesday, November 22nd. Zacks Investment Research lowered Williams-Sonoma from a hold rating to a sell rating in a research note on Wednesday, November 23rd. Citigroup Inc. lowered their price objective on Williams-Sonoma from $69.00 to $67.00 and set a buy rating for the company in a research note on Thursday, August 25th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $54.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 25th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $57.12.
Shares of Williams-Sonoma (NYSE:WSM) opened at 54.78 on Wednesday. The company has a 50-day moving average price of $49.41 and a 200 day moving average price of $51.45. Williams-Sonoma has a 52 week low of $45.96 and a 52 week high of $64.57. The stock has a market capitalization of $4.82 billion, a PE ratio of 16.29 and a beta of 0.84.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business earned $1.25 million during the quarter, compared to analyst estimates 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 for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. Equities analysts forecast that Williams-Sonoma will post $3.46 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is 44.18%.
In other Williams-Sonoma 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 in the company, valued at $1,630,278.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James W. Jr. Brett sold 16,355 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $54.49, for a total value of $891,183.95. Following the transaction, the insider now owns 24,978 shares in the company, valued at $1,361,051.22. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of 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 last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Williams-Sonoma during the third quarter valued at about $544,000. Colony Group LLC boosted its stake in shares of Williams-Sonoma by 27.3% in the third quarter. Colony Group LLC now owns 5,475 shares of the company’s stock valued at $280,000 after buying an additional 1,175 shares during the last quarter. Peloton Wealth Strategists bought a new stake in shares of Williams-Sonoma during the third quarter valued at about $795,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Williams-Sonoma by 43.7% in the third quarter. Ameritas Investment Partners Inc. now owns 38,518 shares of the company’s stock valued at $1,967,000 after buying an additional 11,721 shares during the last quarter. Institutional investors own 99.98% of the company’s stock.
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.
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