Other equities analysts have also recently issued reports about the stock. Credit Suisse Group AG began coverage on shares of Williams-Sonoma in a report on Thursday, August 25th. They set a neutral rating and a $50.00 price target on the stock. Vetr cut shares of Williams-Sonoma from a buy rating to a hold rating and set a $54.49 price target on the stock. in a report on Monday, August 29th. Argus restated a buy rating and set a $75.00 price target on shares of Williams-Sonoma in a report on Monday, August 29th. Wedbush restated a neutral rating and set a $53.00 price target on shares of Williams-Sonoma in a report on Thursday, August 4th. Finally, Nomura set a $75.00 price target on shares of Williams-Sonoma and gave the company a buy rating in a report on Thursday, August 18th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $59.70.
Shares of Williams-Sonoma (NYSE:WSM) traded up 1.31% during mid-day trading on Friday, hitting $51.08. The stock had a trading volume of 1,567,789 shares. The stock has a market cap of $4.52 billion, a P/E ratio of 15.29 and a beta of 1.01. The stock has a 50-day moving average price of $51.56 and a 200 day moving average price of $53.77. Williams-Sonoma has a 52 week low of $47.33 and a 52 week high of $79.55.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma will post $3.46 EPS for the current fiscal year.
The business 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 dividend on an annualized basis and a dividend yield of 2.90%. Williams-Sonoma’s payout ratio is 44.31%.
In related news, insider Janet Hayes sold 15,027 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 80,000 shares of the stock in a transaction that occurred on 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.
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Williams-Sonoma by 28.2% in the first quarter. Geode Capital Management LLC now owns 614,648 shares of the company’s stock valued at $33,645,000 after buying an additional 135,224 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Williams-Sonoma by 128.7% in the first quarter. Renaissance Technologies LLC now owns 731,700 shares of the company’s stock valued at $40,053,000 after buying an additional 411,800 shares in the last quarter. Boston Advisors LLC raised its position in shares of Williams-Sonoma by 361.4% in the second quarter. Boston Advisors LLC now owns 284,828 shares of the company’s stock valued at $14,848,000 after buying an additional 223,100 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of Williams-Sonoma by 2.9% in the first quarter. Teachers Advisors Inc. now owns 70,669 shares of the company’s stock valued at $3,868,000 after buying an additional 1,975 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Williams-Sonoma by 173.0% in the first quarter. BlackRock Group LTD now owns 346,819 shares of the company’s stock valued at $18,985,000 after buying an additional 219,791 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
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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