Oppenheimer Holdings Weighs in on Williams-Sonoma, Inc.’s FY2018 Earnings (WSM)
Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at Oppenheimer Holdings dropped their FY2018 earnings estimates for Williams-Sonoma in a note issued to investors on Friday. Oppenheimer Holdings analyst B. Nagel now expects that the specialty retailer will post earnings of $3.52 per share for the year, down from their prior forecast of $3.57. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Williams-Sonoma’s Q4 2018 earnings at $1.59 EPS and FY2019 earnings at $3.65 EPS.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share.
Several other brokerages also recently weighed in on WSM. Zacks Investment Research raised shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $60.00 price target (down previously from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Williams-Sonoma in a report on Sunday. Finally, Buckingham Research lowered their price target on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and an average target price of $51.39.
Williams-Sonoma (WSM) traded down $1.03 on Monday, hitting $45.59. 3,065,000 shares of the company were exchanged, compared to its average volume of 1,718,158. The stock has a market capitalization of $3,938.36, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Afam Capital Inc. increased its position in Williams-Sonoma by 42.3% in the third quarter. Afam Capital Inc. now owns 41,002 shares of the specialty retailer’s stock worth $2,044,000 after purchasing an additional 12,198 shares during the last quarter. Neuberger Berman Group LLC increased its position in Williams-Sonoma by 1.7% in the third quarter. Neuberger Berman Group LLC now owns 743,777 shares of the specialty retailer’s stock worth $37,085,000 after purchasing an additional 12,226 shares during the last quarter. California Public Employees Retirement System increased its position in Williams-Sonoma by 4.3% in the third quarter. California Public Employees Retirement System now owns 272,042 shares of the specialty retailer’s stock worth $13,564,000 after purchasing an additional 11,142 shares during the last quarter. Arbor Wealth Management LLC bought a new stake in Williams-Sonoma in the third quarter worth $389,000. Finally, Vident Investment Advisory LLC increased its position in Williams-Sonoma by 99.6% in the third quarter. Vident Investment Advisory LLC now owns 13,824 shares of the specialty retailer’s stock worth $690,000 after purchasing an additional 6,897 shares during the last quarter. Institutional investors own 99.33% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.42%. The ex-dividend date is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is presently 44.19%.
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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