Williams-Sonoma, Inc. (NYSE:WSM) – Equities researchers at SunTrust Banks cut their Q4 2018 earnings per share estimates for shares of Williams-Sonoma in a report issued on Thursday. SunTrust Banks analyst D. Magee now expects that the specialty retailer will earn $1.65 per share for the quarter, down from their prior estimate of $1.67. SunTrust Banks has a “Buy” rating and a $62.00 price target on the stock.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis.

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Other analysts have also issued reports about the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Thursday. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday. Loop Capital reiterated a “hold” rating and issued a $54.00 price target on shares of Williams-Sonoma in a research report on Monday, August 21st. Guggenheim reiterated a “neutral” rating on shares of Williams-Sonoma in a research report on Thursday. Finally, Telsey Advisory Group increased their price target on shares of Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and an average target price of $53.05.

Williams-Sonoma (NYSE:WSM) traded up 0.93% on Friday, hitting $45.38. The stock had a trading volume of 2,364,654 shares. Williams-Sonoma has a 52-week low of $42.68 and a 52-week high of $56.94. The firm has a market cap of $3.89 billion, a PE ratio of 13.03 and a beta of 0.89. The company has a 50-day moving average price of $45.35 and a 200 day moving average price of $48.89. Williams-Sonoma also was the target of some unusual options trading activity on Wednesday. Stock traders bought 13,483 call options on the stock. This represents an increase of 1,079% compared to the average volume of 1,144 call options.

A number of institutional investors have recently bought and sold shares of WSM. BlackRock Inc. increased its position in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock worth $489,461,000 after buying an additional 9,047,189 shares in the last quarter. Janus Henderson Group PLC increased its position in Williams-Sonoma by 1,109.6% in the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after buying an additional 3,226,625 shares in the last quarter. FMR LLC increased its position in Williams-Sonoma by 115.4% in the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after buying an additional 1,435,014 shares in the last quarter. Kiltearn Partners LLP bought a new position in Williams-Sonoma during the second quarter worth $38,846,000. Finally, Vanguard Group Inc. increased its position in Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after buying an additional 506,305 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, July 21st were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is currently 44.96%.

About Williams-Sonoma

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.

Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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