Williams-Sonoma, Inc. (WSM) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Williams-Sonoma, Inc. (NYSE:WSM) in a research note published on Friday. The firm issued a hold rating and a $48.00 price objective on the specialty retailer’s stock.

A number of other research firms have also recently issued reports on WSM. Buckingham Research decreased their target price on Williams-Sonoma from $53.00 to $48.00 and set a neutral rating for the company in a research note on Thursday, August 24th. Credit Suisse Group set a $44.00 target price on Williams-Sonoma and gave the company a hold rating in a research note on Thursday, August 24th. Royal Bank Of Canada boosted their target price on Williams-Sonoma from $49.00 to $50.00 and gave the company a sector perform rating in a research note on Thursday, August 24th. Bank of America Corporation reissued an underperform rating and issued a $40.00 target price (down from $44.00) on shares of Williams-Sonoma in a research note on Wednesday, August 23rd. Finally, Robert W. Baird set a $48.00 target price on Williams-Sonoma and gave the company a hold rating in a research note on Tuesday, October 31st. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $51.49.

Williams-Sonoma (WSM) traded down $7.09 during trading hours on Friday, reaching $45.78. The company’s stock had a trading volume of 16,017,721 shares, compared to its average volume of 1,701,410. Williams-Sonoma has a 1 year low of $42.68 and a 1 year high of $56.94. The firm has a market capitalization of $4,500.00, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. equities analysts predict that Williams-Sonoma will post 3.59 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.41%. Williams-Sonoma’s dividend payout ratio is 44.96%.

A number of large investors have recently added to or reduced their stakes in WSM. Wellington Management Group LLP bought a new stake in Williams-Sonoma in the first quarter valued at approximately $213,000. Teachers Advisors LLC raised its stake in Williams-Sonoma by 6.6% in the first quarter. Teachers Advisors LLC now owns 92,848 shares of the specialty retailer’s stock valued at $4,979,000 after buying an additional 5,779 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Williams-Sonoma during the second quarter worth approximately $242,000. Oregon Public Employees Retirement Fund increased its stake in shares of Williams-Sonoma by 4.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 30,286 shares of the specialty retailer’s stock worth $1,469,000 after purchasing an additional 1,258 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Williams-Sonoma by 18.8% during the second quarter. LS Investment Advisors LLC now owns 6,471 shares of the specialty retailer’s stock worth $314,000 after purchasing an additional 1,026 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

About Williams-Sonoma

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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