Williams-Sonoma, Inc. (NYSE:WSM) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to an “underweight” rating in a research note issued to investors on Friday.
A number of other research firms have also issued reports on WSM. Robert W. Baird set a $48.00 price target on Williams-Sonoma and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered Williams-Sonoma from a “buy” rating to a “sell” rating in a research report on Wednesday. TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Credit Suisse Group lowered Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 target price on the stock. in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Williams-Sonoma in a research report on Thursday, September 28th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.18.
Shares of Williams-Sonoma (NYSE:WSM) opened at $52.87 on Friday. The stock has a market capitalization of $4,354.59, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.94.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. Williams-Sonoma’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. research analysts predict that Williams-Sonoma will post 3.59 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Williams-Sonoma, Inc. (WSM) Stock Rating Lowered by J P Morgan Chase & Co” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/17/williams-sonoma-inc-wsm-stock-rating-lowered-by-j-p-morgan-chase-co.html.
Several institutional investors have recently bought and sold shares of WSM. Wellington Management Group LLP purchased a new stake in shares of Williams-Sonoma in the first quarter valued at approximately $213,000. Teachers Advisors LLC boosted its stake in shares of Williams-Sonoma by 6.6% in the first quarter. Teachers Advisors LLC now owns 92,848 shares of the specialty retailer’s stock valued at $4,979,000 after buying an additional 5,779 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $242,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Williams-Sonoma by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,286 shares of the specialty retailer’s stock valued at $1,469,000 after buying an additional 1,258 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Williams-Sonoma by 18.8% in the second quarter. LS Investment Advisors LLC now owns 6,471 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 98.93% 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.
Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.