Oppenheimer Holdings, Inc. Reaffirms “Hold” Rating for Williams-Sonoma, Inc. (WSM)

Oppenheimer Holdings, Inc. reaffirmed their hold rating on shares of Williams-Sonoma, Inc. (NYSE:WSM) in a research report report published on Friday morning. Oppenheimer Holdings also issued estimates for Williams-Sonoma’s Q4 2018 earnings at $1.59 EPS, FY2018 earnings at $3.52 EPS and FY2019 earnings at $3.65 EPS.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $50.00 price target on the stock in a research report on Wednesday, August 16th. Guggenheim restated a neutral rating on shares of Williams-Sonoma in a research report on Thursday, August 24th. J P Morgan Chase & Co restated an overweight rating and set a $60.00 price target (down from $64.00) on shares of Williams-Sonoma in a research report on Thursday, August 24th. Buckingham Research lowered their price target on shares of Williams-Sonoma from $53.00 to $48.00 and set a neutral rating on the stock in a research report on Thursday, August 24th. Finally, Loop Capital restated a hold rating and set a $54.00 price target on shares of Williams-Sonoma in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. Williams-Sonoma has a consensus rating of Hold and an average price target of $52.01.

Williams-Sonoma (NYSE WSM) opened at $45.78 on Friday. The firm has a market cap of $3,867.40, a PE ratio of 13.04, a P/E/G ratio of 0.99 and a beta of 0.91. Williams-Sonoma has a 52-week low of $42.68 and a 52-week 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 for the quarter, hitting analysts’ consensus estimates of $0.84. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. Williams-Sonoma’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. research analysts forecast that Williams-Sonoma will post 3.56 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors 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 yield of 3.41%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s payout ratio is currently 44.19%.

A number of institutional investors and hedge funds have recently made changes to their positions in WSM. Wellington Management Group LLP purchased a new stake in Williams-Sonoma during the 1st quarter worth approximately $213,000. Teachers Advisors LLC increased its stake in Williams-Sonoma by 6.6% during the 1st quarter. Teachers Advisors LLC now owns 92,848 shares of the specialty retailer’s stock worth $4,979,000 after buying an additional 5,779 shares during the period. Eqis Capital Management Inc. purchased a new stake in Williams-Sonoma during the 2nd quarter worth approximately $242,000. Oregon Public Employees Retirement Fund increased its stake in Williams-Sonoma by 4.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 30,286 shares of the specialty retailer’s stock worth $1,469,000 after buying an additional 1,258 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Williams-Sonoma by 18.8% during the 2nd quarter. LS Investment Advisors LLC now owns 6,471 shares of the specialty retailer’s stock worth $314,000 after buying an additional 1,026 shares during the period. 99.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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