Williams-Sonoma (WSM) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group cut shares of Williams-Sonoma (NYSE:WSM) from a buy rating to a neutral rating in a report issued on Tuesday, MarketBeat.com reports.

Several other equities research analysts also recently commented on WSM. Jefferies Group restated a hold rating and issued a $49.00 price target on shares of Williams-Sonoma in a research report on Thursday, September 28th. TheStreet upgraded shares of Williams-Sonoma from a c+ rating to a b- rating in a research report on Monday, October 9th. Credit Suisse Group downgraded shares of Williams-Sonoma from a neutral rating to an underperform rating and set a $44.00 target price for the company. in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $58.00 target price for the company in a research report on Thursday, October 12th. Finally, Stifel Nicolaus assumed coverage on shares of Williams-Sonoma in a research report on Thursday, October 12th. They issued a hold rating and a $54.00 target price for the company. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $51.25.

Shares of Williams-Sonoma (NYSE:WSM) opened at $55.29 on Tuesday. The company has a market cap of $4,595.96, a P/E ratio of 15.56, a P/E/G ratio of 1.59 and a beta of 0.89. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $55.89.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. sell-side analysts forecast that Williams-Sonoma will post 3.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $1.56 annualized dividend and a dividend yield of 2.82%. Williams-Sonoma’s dividend payout ratio (DPR) is 44.19%.

Several institutional investors and hedge funds have recently made changes to their positions in WSM. Ffcm LLC acquired a new position in shares of Williams-Sonoma during the 3rd quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Williams-Sonoma by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after purchasing an additional 274 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth $182,000. Private Trust Co. NA acquired a new position in shares of Williams-Sonoma during the 4th quarter worth $203,000. Finally, Koch Industries Inc. acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth $207,000.

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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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