Williams-Sonoma, Inc. (NYSE:WSM) shares gapped down prior to trading on Thursday . The stock had previously closed at $52.87, but opened at $50.70. Williams-Sonoma shares last traded at $48.89, with a volume of 2,678,134 shares trading hands.
A number of research analysts have recently weighed in on WSM shares. Buckingham Research cut their price objective on Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on Williams-Sonoma and gave the company a “hold” rating in a report on Thursday, August 24th. Royal Bank Of Canada increased their price objective on Williams-Sonoma from $49.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 24th. Bank of America Corporation reissued an “underperform” rating and issued a $40.00 price objective (down from $44.00) on shares of Williams-Sonoma in a report on Wednesday, August 23rd. Finally, BidaskClub lowered Williams-Sonoma from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.10.
The stock has a 50-day moving average price of $48.53 and a 200 day moving average price of $48.98. The firm has a market cap of $4.16 billion, a P/E ratio of 14.04 and a beta of 0.85.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. Analysts forecast that Williams-Sonoma, Inc. will post $3.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio (DPR) is 44.96%.
A number of hedge funds have recently bought and sold shares of WSM. Invictus RG purchased a new stake in Williams-Sonoma in the 1st quarter valued at approximately $122,000. Foresters Investment Management Company Inc. purchased a new stake in Williams-Sonoma in the 1st quarter valued at approximately $134,000. Alpha Omega Wealth Management LLC lifted its stake in Williams-Sonoma by 828.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 2,485 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Williams-Sonoma by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after buying an additional 274 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Williams-Sonoma by 39.8% in the 2nd quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 838 shares in the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors.
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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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