Williams-Sonoma, Inc. (WSM) to Post Q4 2019 Earnings of $1.98 Per Share, William Blair Forecasts

Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at William Blair upped their Q4 2019 earnings per share estimates for Williams-Sonoma in a research note issued to investors on Thursday, August 23rd. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings of $1.98 per share for the quarter, up from their previous forecast of $1.94. William Blair also issued estimates for Williams-Sonoma’s Q1 2020 earnings at $0.70 EPS and Q4 2020 earnings at $2.08 EPS.

Several other research analysts have also commented on WSM. Buckingham Research lifted their price target on shares of Williams-Sonoma from $54.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, August 23rd. Argus set a $80.00 price target on shares of Williams-Sonoma and gave the company a “buy” rating in a report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $69.00 price target (up from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 23rd. Citigroup lifted their price target on shares of Williams-Sonoma from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 23rd. Finally, Robert W. Baird lifted their price target on shares of Williams-Sonoma from $52.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 23rd. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.04.

Shares of WSM stock opened at $68.83 on Monday. Williams-Sonoma has a 1-year low of $44.01 and a 1-year high of $73.99. The company has a quick ratio of 0.40, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.10 and a beta of 0.74.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS.

A number of institutional investors have recently bought and sold shares of WSM. Contrarius Investment Management Ltd raised its position in shares of Williams-Sonoma by 6.2% during the 1st quarter. Contrarius Investment Management Ltd now owns 191,542 shares of the specialty retailer’s stock worth $10,106,000 after buying an additional 11,142 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Williams-Sonoma during the 1st quarter worth about $3,493,000. SG Americas Securities LLC raised its position in shares of Williams-Sonoma by 188.6% during the 1st quarter. SG Americas Securities LLC now owns 70,464 shares of the specialty retailer’s stock worth $3,718,000 after buying an additional 46,044 shares in the last quarter. Mackay Shields LLC bought a new stake in shares of Williams-Sonoma during the 1st quarter worth about $8,131,000. Finally, Aviance Capital Partners LLC raised its position in shares of Williams-Sonoma by 13.7% during the 1st quarter. Aviance Capital Partners LLC now owns 19,024 shares of the specialty retailer’s stock worth $1,003,000 after buying an additional 2,292 shares in the last quarter.

In other Williams-Sonoma news, Director Anthony Greener sold 5,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $60.51, for a total transaction of $302,550.00. Following the completion of the transaction, the director now directly owns 33,218 shares of the company’s stock, valued at approximately $2,010,021.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Janet Hayes sold 4,895 shares of the business’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $61.34, for a total transaction of $300,259.30. Following the transaction, the insider now directly owns 59,265 shares of the company’s stock, valued at $3,635,315.10. The disclosure for this sale can be found here. Insiders have sold a total of 13,243 shares of company stock valued at $806,569 over the last three months. 0.87% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, July 20th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, July 19th. Williams-Sonoma’s payout ratio is 47.65%.

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.

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