$4.74 EPS Expected for Williams-Sonoma, Inc. (NYSE:WSM) This Quarter

Analysts expect Williams-Sonoma, Inc. (NYSE:WSM) to post earnings of $4.74 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Williams-Sonoma’s earnings, with the lowest EPS estimate coming in at $4.20 and the highest estimate coming in at $4.90. Williams-Sonoma reported earnings of $3.95 per share during the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings report on Wednesday, March 16th.

According to Zacks, analysts expect that Williams-Sonoma will report full year earnings of $14.10 per share for the current financial year, with EPS estimates ranging from $13.32 to $14.36. For the next fiscal year, analysts anticipate that the company will report earnings of $13.71 per share, with EPS estimates ranging from $7.83 to $15.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, November 18th. The specialty retailer reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.98 billion. Williams-Sonoma had a net margin of 12.70% and a return on equity of 65.88%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.56 earnings per share.

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Williams-Sonoma from $142.00 to $164.00 and gave the company an “underperform” rating in a research report on Friday, November 19th. Evercore ISI lifted their price objective on shares of Williams-Sonoma from $205.00 to $210.00 and gave the company an “inline” rating in a report on Friday, November 19th. Telsey Advisory Group lifted their price objective on shares of Williams-Sonoma from $220.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 19th. Royal Bank of Canada boosted their target price on shares of Williams-Sonoma from $199.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Friday, November 19th. Finally, Wells Fargo & Company boosted their target price on shares of Williams-Sonoma from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, November 19th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $188.35.

In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $208.71, for a total value of $3,130,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Randolph King sold 7,450 shares of the company’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $186.55, for a total transaction of $1,389,797.50. Following the completion of the transaction, the executive vice president now owns 30,437 shares in the company, valued at $5,678,022.35. The disclosure for this sale can be found here. Insiders sold a total of 55,488 shares of company stock worth $10,375,864 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Williams-Sonoma during the 2nd quarter worth approximately $68,000. Atticus Wealth Management LLC purchased a new stake in Williams-Sonoma during the 3rd quarter worth approximately $39,000. Parallel Advisors LLC increased its stake in Williams-Sonoma by 47.7% during the 3rd quarter. Parallel Advisors LLC now owns 226 shares of the specialty retailer’s stock worth $40,000 after buying an additional 73 shares during the period. Optimum Investment Advisors purchased a new stake in Williams-Sonoma during the 2nd quarter worth approximately $48,000. Finally, Berman Capital Advisors LLC increased its stake in Williams-Sonoma by 137.6% during the 3rd quarter. Berman Capital Advisors LLC now owns 316 shares of the specialty retailer’s stock worth $56,000 after buying an additional 183 shares during the period. Hedge funds and other institutional investors own 94.49% of the company’s stock.

NYSE WSM traded down $1.69 on Thursday, reaching $209.81. 668,195 shares of the company’s stock traded hands, compared to its average volume of 1,146,208. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.80 and a beta of 1.61. The stock has a 50 day moving average price of $191.37 and a 200-day moving average price of $174.63. Williams-Sonoma has a fifty-two week low of $98.75 and a fifty-two week high of $223.32.

About Williams-Sonoma

Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.

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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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