Q4 2018 EPS Estimates for Williams-Sonoma, Inc. Decreased by Analyst (WSM)
Williams-Sonoma, Inc. (NYSE:WSM) – Equities research analysts at Jefferies Group lowered their Q4 2018 EPS estimates for Williams-Sonoma in a research report issued to clients and investors on Wednesday. Jefferies Group analyst D. Binder now expects that the specialty retailer will earn $1.69 per share for the quarter, down from their previous estimate of $1.70. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for Williams-Sonoma’s FY2019 earnings at $3.80 EPS, FY2020 earnings at $3.91 EPS, FY2021 earnings at $4.11 EPS and FY2022 earnings at $4.31 EPS.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.34%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS.
A number of other analysts also recently issued reports on WSM. Gordon Haskett started coverage on shares of Williams-Sonoma in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $61.00 price objective on the stock. ValuEngine upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Credit Suisse Group restated a “hold” rating and set a $44.00 target price on shares of Williams-Sonoma in a report on Tuesday, May 23rd. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $54.05.
Williams-Sonoma (NYSE WSM) traded up 1.69% during trading on Friday, hitting $45.72. 1,559,538 shares of the company traded hands. The firm has a 50 day moving average of $45.42 and a 200 day moving average of $48.90. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The firm has a market cap of $3.92 billion, a P/E ratio of 13.13 and a beta of 0.89. Williams-Sonoma also saw some unusual options trading activity on Wednesday. Traders purchased 13,483 call options on the company. This represents an increase of 1,079% compared to the typical daily volume of 1,144 call options.
Several large investors have recently made changes to their positions in WSM. Creative Planning boosted its stake in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock worth $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank boosted its stake in shares of Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after buying an additional 250 shares during the last quarter. Invictus RG acquired a new stake in shares of Williams-Sonoma during the first quarter worth about $122,000. Finally, Foresters Investment Management Company Inc. acquired a new stake in shares of Williams-Sonoma during the first quarter worth about $134,000. 95.52% of the stock is owned by institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.47%. Williams-Sonoma’s payout ratio is presently 44.96%.
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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