Royal Bank Of Canada Raises Williams-Sonoma, Inc. (WSM) Price Target to $50.00
Williams-Sonoma, Inc. (NYSE:WSM) had its price target boosted by Royal Bank Of Canada from $49.00 to $50.00 in a report released on Thursday, Marketbeat reports. The brokerage currently has a sector perform rating on the specialty retailer’s stock.
Other analysts also recently issued reports about the company. SunTrust Banks, Inc. set a $62.00 price target on Williams-Sonoma and gave the company a buy rating in a research report on Saturday, June 10th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Williams-Sonoma in a research report on Thursday. Zacks Investment Research raised Williams-Sonoma from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Wednesday, August 16th. Loop Capital reaffirmed a hold rating and set a $54.00 price target on shares of Williams-Sonoma in a research report on Monday, August 21st. Finally, Telsey Advisory Group increased their price target on 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 equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $52.92.
Shares of Williams-Sonoma (NYSE:WSM) opened at 45.38 on Thursday. The company has a market capitalization of $3.89 billion, a PE ratio of 13.03 and a beta of 0.89. The stock has a 50 day moving average price of $45.35 and a 200 day moving average price of $48.89. Williams-Sonoma has a 52-week low of $42.68 and a 52-week high of $56.94.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. Williams-Sonoma’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. On average, analysts predict that Williams-Sonoma will post $3.56 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, July 21st were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.44%. The ex-dividend date was Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is 44.96%.
Large investors have recently bought and sold shares of the stock. Creative Planning raised its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares in the last quarter. IFP Advisors Inc raised its stake in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 217 shares in the last quarter. First Interstate Bank raised its stake in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 250 shares in the last quarter. Invictus RG acquired a new stake in Williams-Sonoma during the first quarter valued at about $122,000. Finally, Foresters Investment Management Company Inc. acquired a new stake in Williams-Sonoma during the first quarter valued at about $134,000. 95.52% of the stock is owned by institutional investors.
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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