Analysts Expect Williams-Sonoma, Inc. (NYSE:WSM) to Post $1.00 EPS

Equities research analysts expect Williams-Sonoma, Inc. (NYSE:WSM) to post earnings of $1.00 per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Williams-Sonoma’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.95. Williams-Sonoma reported earnings per share of $0.95 in the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The company is scheduled to report its next earnings results on Thursday, November 21st.

According to Zacks, analysts expect that Williams-Sonoma will report full-year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.69 to $5.01. For the next year, analysts anticipate that the company will report earnings of $4.91 per share, with EPS estimates ranging from $4.48 to $5.10. Zacks’ EPS averages are an average based on a survey of research analysts that follow Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.77 EPS. Williams-Sonoma’s revenue for the quarter was up 7.5% compared to the same quarter last year.

WSM has been the topic of a number of recent analyst reports. Telsey Advisory Group lifted their price objective on Williams-Sonoma from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. UBS Group lifted their price objective on Williams-Sonoma from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley lifted their price objective on Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Robert W. Baird lifted their price objective on Williams-Sonoma from $58.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Wedbush set a $63.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $62.71.

WSM traded down $0.17 on Thursday, hitting $67.81. 564,780 shares of the company were exchanged, compared to its average volume of 1,495,615. The stock has a market capitalization of $5.30 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. Williams-Sonoma has a 12 month low of $45.01 and a 12 month high of $70.58. The firm has a fifty day simple moving average of $66.06 and a two-hundred day simple moving average of $61.36. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.31 and a current ratio of 1.31.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, October 25th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, October 24th. Williams-Sonoma’s payout ratio is presently 43.05%.

In other news, insider Alex Bellos sold 4,820 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares in the company, valued at approximately $533,549.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSM. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Williams-Sonoma by 125.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,472,015 shares of the specialty retailer’s stock valued at $95,681,000 after purchasing an additional 818,015 shares during the period. Balyasny Asset Management LLC purchased a new position in shares of Williams-Sonoma in the 2nd quarter valued at approximately $39,062,000. Nuveen Asset Management LLC lifted its stake in shares of Williams-Sonoma by 896.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 640,031 shares of the specialty retailer’s stock valued at $41,602,000 after purchasing an additional 575,781 shares during the period. Argent Capital Management LLC lifted its stake in shares of Williams-Sonoma by 153.7% in the 1st quarter. Argent Capital Management LLC now owns 885,056 shares of the specialty retailer’s stock valued at $49,802,000 after purchasing an additional 536,229 shares during the period. Finally, Clark Capital Management Group Inc. lifted its stake in shares of Williams-Sonoma by 660.7% in the 2nd quarter. Clark Capital Management Group Inc. now owns 355,103 shares of the specialty retailer’s stock valued at $23,082,000 after purchasing an additional 308,422 shares during the period.

About Williams-Sonoma

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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