Williams-Sonoma, Inc. (WSM) Receives “Buy” Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their buy rating on shares of Williams-Sonoma, Inc. (NYSE:WSM) in a research report report published on Tuesday. SunTrust Banks, Inc. currently has a $62.00 price target on the specialty retailer’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Williams-Sonoma from a hold rating to a buy rating and set a $50.00 target price on the stock in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Guggenheim restated a neutral rating on shares of Williams-Sonoma in a report on Thursday, August 24th. J P Morgan Chase & Co restated an overweight rating and set a $60.00 target price (down previously from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Finally, Loop Capital restated a hold rating and set a $54.00 target price on shares of Williams-Sonoma in a report on Monday, August 21st. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $52.18.
Shares of Williams-Sonoma (NYSE:WSM) opened at 52.92 on Tuesday. The firm has a 50-day moving average price of $49.42 and a 200-day moving average price of $48.95. The company has a market capitalization of $4.50 billion, a PE ratio of 15.20 and a beta of 0.85. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.94.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Williams-Sonoma will post $3.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.96%.
A number of large investors have recently added to or reduced their stakes in WSM. BlackRock Inc. lifted its stake 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 valued at $489,461,000 after buying an additional 9,047,189 shares during the period. Janus Henderson Group PLC lifted its stake 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 valued at $170,595,000 after buying an additional 3,226,625 shares during the period. FMR LLC lifted its stake in Williams-Sonoma by 115.4% in the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after buying an additional 1,435,014 shares during the period. Kiltearn Partners LLP acquired a new position in Williams-Sonoma in the second quarter valued at about $38,846,000. Finally, Vanguard Group Inc. raised its position in shares of Williams-Sonoma by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after purchasing an additional 506,305 shares during the period. 97.92% of the stock is currently owned by hedge funds and other institutional investors.
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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