Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Wednesday, March 15th. Stockholders of record on Friday, April 28th will be paid a dividend of 0.39 per share by the specialty retailer on Friday, May 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, April 26th. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.37.
Williams-Sonoma has increased its dividend by an average of 8.3% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Williams-Sonoma has a dividend payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Williams-Sonoma to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 41.1%.
Williams-Sonoma (NYSE:WSM) opened at 54.92 on Friday. The stock’s 50 day moving average price is $51.08 and its 200-day moving average price is $50.29. The stock has a market capitalization of $4.77 billion, a P/E ratio of 16.11 and a beta of 0.97. Williams-Sonoma has a 52 week low of $45.96 and a 52 week high of $61.97.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.04. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 earnings per share. Equities research analysts expect that Williams-Sonoma will post $3.55 earnings per share for the current year.
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, April 3rd. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Wedbush lowered their price objective on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, March 6th. Guggenheim reiterated a “neutral” rating on shares of Williams-Sonoma in a research report on Thursday, March 16th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and an average price target of $56.06.
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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.
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