Several other research analysts have also issued reports on WSM. Piper Jaffray Cos. restated a neutral rating and issued a $56.00 price target (down previously from $60.00) on shares of Williams-Sonoma in a research report on Friday, August 26th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $65.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 25th. Nomura reaffirmed a buy rating and issued a $75.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 25th. Vetr lowered shares of Williams-Sonoma from a strong-buy rating to a buy rating and set a $57.91 price objective for the company. in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG initiated coverage on shares of Williams-Sonoma in a research note on Thursday, August 25th. They issued a neutral rating and a $50.00 price objective for the company. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $59.70.
Shares of Williams-Sonoma (NYSE:WSM) opened at 48.75 on Monday. The company has a 50-day moving average price of $50.71 and a 200 day moving average price of $53.37. The firm has a market capitalization of $4.32 billion, a P/E ratio of 14.60 and a beta of 1.02. Williams-Sonoma has a one year low of $47.33 and a one year high of $77.82.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. Analysts expect that Williams-Sonoma will post $3.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 3.04%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.31%.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of the business’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $49.74, for a total value of $747,442.98. Following the transaction, the insider now directly owns 32,776 shares in the company, valued at $1,630,278.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the completion of the transaction, the chief executive officer now owns 307,860 shares in the company, valued at $16,375,073.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WSM. Acrospire Investment Management LLC raised its position in Williams-Sonoma by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock worth $104,000 after buying an additional 1,000 shares during the period. Advisory Services Network LLC raised its position in Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock worth $107,000 after buying an additional 236 shares during the period. NEXT Financial Group Inc raised its position in Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock worth $148,000 after buying an additional 1,100 shares during the period. Toronto Dominion Bank purchased a new position in Williams-Sonoma during the second quarter worth approximately $157,000. Finally, HL Financial Services LLC purchased a new position in Williams-Sonoma during the second quarter worth approximately $205,000. Hedge funds and other institutional investors own 96.59% 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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