Williams-Sonoma (WSM) Posts Earnings Results, Beats Estimates By $0.09 EPS

Williams-Sonoma (NYSE:WSM) released its quarterly earnings results on Tuesday. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09, Bloomberg Earnings reports. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share.

WSM stock traded up $1.88 during midday trading on Wednesday, hitting $49.18. The stock had a trading volume of 4,517,563 shares, compared to its average volume of 1,670,508. The stock has a market capitalization of $4.05 billion, a P/E ratio of 13.62, a PEG ratio of 0.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 1.62. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.38.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be paid a $0.43 dividend. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, April 26th. Williams-Sonoma’s payout ratio is presently 47.65%.

Williams-Sonoma announced that its board has approved a stock buyback program on Wednesday, March 14th that permits the company to repurchase $286.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other Williams-Sonoma news, CEO Laura Alber sold 97,965 shares of Williams-Sonoma stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $54.21, for a total value of $5,310,682.65. Following the completion of the sale, the chief executive officer now directly owns 264,621 shares of the company’s stock, valued at approximately $14,345,104.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Janet Hayes sold 9,034 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $51.66, for a total transaction of $466,696.44. Following the completion of the sale, the insider now directly owns 38,563 shares of the company’s stock, valued at $1,992,164.58. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

A number of brokerages recently commented on WSM. Zacks Investment Research downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. ValuEngine downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Credit Suisse Group set a $48.00 price objective on shares of Williams-Sonoma and gave the company an “underperform” rating in a research report on Thursday, March 15th. Wolfe Research raised their price objective on shares of Williams-Sonoma from $52.00 to $55.00 and gave the company a “peer perform” rating in a research report on Thursday, March 15th. Finally, Stifel Nicolaus raised their price objective on shares of Williams-Sonoma from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Thursday, March 15th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.21.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

Earnings History for Williams-Sonoma (NYSE:WSM)

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