BidaskClub downgraded shares of Williams-Sonoma, Inc. (NYSE:WSM) from a sell rating to a strong sell rating in a report published on Friday, July 28th.
Other research analysts have also issued reports about the stock. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the company a buy rating in a research note on Saturday, June 10th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Williams-Sonoma in a research report on Thursday, May 25th. J P Morgan Chase & Co raised their price target on shares of Williams-Sonoma from $60.00 to $64.00 and gave the company an overweight rating in a research report on Monday, April 3rd. Telsey Advisory Group raised their price target on shares of Williams-Sonoma from $51.00 to $57.00 and gave the company a market perform rating in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reissued a hold rating and set a $54.00 price target on shares of Williams-Sonoma in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. Williams-Sonoma has a consensus rating of Hold and an average price target of $56.82.
Williams-Sonoma (NYSE WSM) traded down 0.02% on Friday, hitting $47.20. The company had a trading volume of 1,041,991 shares. Williams-Sonoma has a 12-month low of $43.96 and a 12-month high of $57.40. The stock has a market cap of $4.09 billion, a P/E ratio of 13.75 and a beta of 0.89. The firm’s 50 day moving average price is $46.82 and its 200 day moving average price is $49.33.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Williams-Sonoma will post $3.56 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s payout ratio is currently 45.35%.
Several hedge funds have recently added to or reduced their stakes in the company. Cribstone Capital Management LLC increased its stake in Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 70 shares in the last quarter. Creative Planning increased its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares in the last quarter. US Bancorp DE increased its stake in Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after buying an additional 82 shares in the last quarter. State Treasurer State of Michigan increased its stake in Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after buying an additional 100 shares in the last quarter. Finally, Gofen & Glossberg LLC IL boosted its position in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock worth $1,477,000 after buying an additional 120 shares during the last quarter. 97.09% of the stock is currently owned by hedge funds and other 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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