Williams-Sonoma, Inc. (NYSE:WSM) announced a quarterly dividend on Friday, June 21st, Zacks reports. Investors of record on Friday, July 26th will be paid a dividend of 0.48 per share by the specialty retailer on Friday, August 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, July 25th.

Williams-Sonoma has raised its dividend payment by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Williams-Sonoma has a dividend payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Williams-Sonoma to earn $4.88 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 39.3%.

Shares of NYSE:WSM opened at $69.00 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. Williams-Sonoma has a fifty-two week low of $45.01 and a fifty-two week high of $73.99. The firm’s 50-day simple moving average is $63.10. The company has a market cap of $5.42 billion, a P/E ratio of 15.47, a PEG ratio of 2.05 and a beta of 0.86.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. Williams-Sonoma’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts expect that Williams-Sonoma will post 4.67 earnings per share for the current fiscal year.

WSM has been the subject of several recent analyst reports. Wedbush set a $12.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, May 31st. Morgan Stanley upped their target price on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Friday, June 28th. Berenberg Bank upped their target price on shares of Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the stock a “hold” rating in a research report on Thursday, May 9th. Finally, Citigroup set a $27.00 target price on shares of StoneCo and gave the stock a “hold” rating in a research report on Friday, May 31st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $60.48.

In other Williams-Sonoma news, Director Sabrina Simmons sold 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the transaction, the director now owns 10,915 shares in the company, valued at approximately $655,773.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the transaction, the insider now owns 17,061 shares in the company, valued at approximately $1,050,957.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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Dividend History for Williams-Sonoma (NYSE:WSM)

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