Williams-Sonoma, Inc. (NYSE:WSM) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, June 13th.
WSM has been the topic of a number of other research reports. Gordon Haskett began coverage on Williams-Sonoma in a report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price target on the stock. William Blair lowered Williams-Sonoma from an “outperform” rating to a “market perform” rating in a report on Thursday, March 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Williams-Sonoma in a report on Thursday, May 25th. J P Morgan Chase & Co lifted their price objective on Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, April 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.01.
Williams-Sonoma (NYSE:WSM) traded down 2.78% during midday trading on Tuesday, hitting $46.89. 1,169,389 shares of the stock were exchanged. The company has a market capitalization of $4.06 billion, a P/E ratio of 13.66 and a beta of 0.88. Williams-Sonoma has a 1-year low of $45.68 and a 1-year high of $57.40. The company’s 50 day moving average is $50.01 and its 200 day moving average is $50.52.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Williams-Sonoma will post $3.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.33%. Williams-Sonoma’s payout ratio is 45.35%.
Several hedge funds have recently added to or reduced their stakes in the company. Cribstone Capital Management LLC increased its stake in Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 70 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Williams-Sonoma during the first quarter worth approximately $361,000. Comerica Bank boosted its stake in shares of Williams-Sonoma by 5.7% in the fourth quarter. Comerica Bank now owns 63,576 shares of the specialty retailer’s stock worth $3,143,000 after buying an additional 3,416 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Williams-Sonoma during the fourth quarter worth $123,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Williams-Sonoma by 39.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 802,884 shares of the specialty retailer’s stock worth $38,851,000 after buying an additional 225,680 shares during the period. Institutional investors and hedge funds own 97.55% 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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