Equities researchers at Oppenheimer Holdings Inc. began coverage on shares of Williams-Sonoma Inc. (NYSE:WSM) in a report issued on Tuesday. The brokerage set an “outperform” rating on the stock.
Other research analysts have also issued reports about the stock. Vetr raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.61 price objective for the company in a report on Monday, June 20th. Citigroup Inc. started coverage on shares of Williams-Sonoma in a report on Friday, June 17th. They set a “buy” rating and a $69.00 price objective for the company. Topeka Capital Markets started coverage on shares of Williams-Sonoma in a report on Monday, May 23rd. They set a “buy” rating and a $62.00 price objective for the company. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Tuesday, July 5th. Finally, Nomura set a $75.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a report on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.70.
Williams-Sonoma (NYSE:WSM) opened at 49.95 on Tuesday. The company’s 50-day moving average is $51.90 and its 200 day moving average is $54.10. The stock has a market capitalization of $4.42 billion, a PE ratio of 14.96 and a beta of 1.01. Williams-Sonoma has a 12-month low of $47.33 and a 12-month high of $79.55.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business earned $1.16 billion during 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 business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. On average, analysts predict that Williams-Sonoma will post $3.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.96%. Williams-Sonoma’s dividend payout ratio is currently 44.31%.
In other news, CEO Laura Alber sold 80,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the transaction, the chief executive officer now owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of Williams-Sonoma by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock valued at $104,000 after buying an additional 1,000 shares in the last quarter. NEXT Financial Group Inc increased 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 valued at $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 valued at $157,000. HL Financial Services LLC purchased a new position in Williams-Sonoma during the second quarter valued at $205,000. Finally, Reliance Trust Co. of Delaware purchased a new position in Williams-Sonoma during the second quarter valued at $210,000. 96.59% of the stock is currently owned by 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.
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