Equities research analysts at Sanford C. Bernstein upped their price target on shares of Williams Sonoma (NYSE: WSM) from $45.00 to $48.00 in a research note issued to investors on Wednesday. The firm currently has a “market perform” rating on the stock.
A number of other analysts have also recently weighed in on WSM. Analysts at UBS AG cut their EPS estimates on shares of Williams Sonoma in a research note on Wednesday. Separately, analysts at Goldman Sachs raised their price target on shares of Williams Sonoma from $51.00 to $53.00 in a research note to investors on Wednesday. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Williams Sonoma in a research note to investors on Wednesday. They now have a $47.00 price target on the stock, up previously from $44.00.
Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $48.86.
Shares of Williams Sonoma (NYSE: WSM) traded down 1.00% during mid-day trading on Wednesday, hitting $49.35. Williams Sonoma has a one year low of $32.67 and a one year high of $50.49. The stock’s 50-day moving average is currently $45.71. The company has a market cap of $4.837 billion and a P/E ratio of 19.63.
Williams Sonoma (NYSE: WSM) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.29 by $0.05. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Williams Sonoma has set its Q1 guidance at $0.33-0.36 EPS and its FY14 guidance at $2.65-2.75 EPS. On average, analysts predict that Williams Sonoma will post $2.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 24th. Shareholders of record on Friday, April 26th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a positive change from Williams Sonoma’s previous quarterly dividend of $0.22.
Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The direct-to-customer segment of the Company’s business sells its products through its six e-commerce Websites (NYSE: WSM) and seven direct-mail catalogs (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, West Elm and Rejuvenation).