Q4 2018 Earnings Estimate for Williams-Sonoma, Inc. Issued By SunTrust Banks (WSM)
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.
COPYRIGHT VIOLATION NOTICE: “Q4 2018 Earnings Estimate for Williams-Sonoma, Inc. Issued By SunTrust Banks (WSM)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/26/q4-2018-earnings-estimate-for-williams-sonoma-inc-issued-by-suntrust-banks-wsm.html.
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%.
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.