Williams-Sonoma, Inc. (WSM) Given a $44.00 Price Target at Credit Suisse Group
Several other analysts have also issued reports on the stock. J P Morgan Chase & Co reaffirmed an overweight rating and set a $60.00 price target (down from $64.00) on shares of Williams-Sonoma in a research report on Thursday. Guggenheim reaffirmed a neutral rating on shares of Williams-Sonoma in a research report on Thursday. Morgan Stanley dropped their price target on shares of Williams-Sonoma from $50.00 to $48.00 and set an equal weight rating on the stock in a research report on Thursday. Goldman Sachs Group, Inc. (The) dropped their price target on shares of Williams-Sonoma from $58.00 to $57.00 and set a buy rating on the stock in a research report on Thursday. Finally, Jefferies Group LLC dropped their price target on shares of Williams-Sonoma from $54.00 to $49.00 and set a hold rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $52.92.
Shares of Williams-Sonoma (NYSE:WSM) opened at 45.38 on Thursday. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $56.94. The company’s 50-day moving average is $45.35 and its 200-day moving average is $48.89. The stock has a market capitalization of $3.89 billion, a PE ratio of 13.03 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that Williams-Sonoma will post $3.59 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, July 21st were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.56 annualized dividend and a dividend yield of 3.44%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.
Several institutional investors have recently added to or reduced their stakes in WSM. Oxbow Advisors LLC purchased a new stake in shares of Williams-Sonoma during the first quarter worth about $1,593,000. Exane Derivatives increased its stake in shares of Williams-Sonoma by 448,200.0% in the first quarter. Exane Derivatives now owns 4,483 shares of the specialty retailer’s stock worth $240,000 after buying an additional 4,482 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Williams-Sonoma by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,028 shares of the specialty retailer’s stock worth $1,556,000 after buying an additional 400 shares during the last quarter. IFP Advisors Inc increased 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. Finally, Glen Harbor Capital Management LLC increased its stake in shares of Williams-Sonoma by 91.4% in the first quarter. Glen Harbor Capital Management LLC now owns 48,288 shares of the specialty retailer’s stock worth $2,589,000 after buying an additional 23,056 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
Williams-Sonoma Company Profile
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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