Williams-Sonoma, Inc. Declares Quarterly Dividend of $0.39 (NYSE:WSM)
Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Friday, June 16th, RTT News reports. Shareholders of record on Friday, July 21st will be given a dividend of 0.39 per share by the specialty retailer on Friday, August 25th. This represents a $1.56 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Wednesday, July 19th.
Williams-Sonoma has increased its dividend by an average of 8.3% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Williams-Sonoma has a dividend payout ratio of 43.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Williams-Sonoma to earn $3.81 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 40.9%.
Shares of Williams-Sonoma (NYSE WSM) traded down 0.51% during trading on Tuesday, hitting $46.97. The stock had a trading volume of 1,399,317 shares. The company has a market cap of $4.07 billion, a P/E ratio of 13.68 and a beta of 0.89. Williams-Sonoma has a 12 month low of $43.96 and a 12 month high of $57.40. The stock has a 50-day moving average price of $46.53 and a 200 day moving average price of $49.25.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.53 EPS. Williams-Sonoma’s revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Williams-Sonoma will post $3.56 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/08/williams-sonoma-inc-nysewsm-to-go-ex-dividend-on-july-19th-updated-updated-updated.html.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday. BidaskClub upgraded Williams-Sonoma from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. ValuEngine downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, CIBC restated a “hold” rating on shares of Williams-Sonoma in a report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $56.82.
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.