Williams-Sonoma Inc. (WSM) Now Covered by Analysts at Oppenheimer Holdings Inc.
Stock analysts at Oppenheimer Holdings Inc. assumed coverage on shares of Williams-Sonoma Inc. (NYSE:WSM) in a report issued on Tuesday. The brokerage set an “outperform” rating on the stock.
A number of other equities analysts have also recently commented on WSM. Zacks Investment Research raised shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Topeka Capital Markets initiated coverage on shares of Williams-Sonoma in a research note on Monday, May 23rd. They issued a “buy” rating and a $62.00 price objective for the company. Royal Bank Of Canada lifted their price target on shares of Williams-Sonoma from $54.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 26th. Piper Jaffray Cos. dropped their price target on shares of Williams-Sonoma from $63.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, May 26th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $57.00 price target on shares of Williams-Sonoma in a research note on Thursday, May 26th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $59.70.
Shares of Williams-Sonoma (NYSE:WSM) opened at 50.05 on Tuesday. The firm has a 50-day moving average of $52.06 and a 200-day moving average of $54.18. Williams-Sonoma has a one year low of $47.33 and a one year high of $79.55. The stock has a market cap of $4.43 billion, a PE ratio of 14.99 and a beta of 1.01.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The business earned $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted $0.58 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Williams-Sonoma will post $3.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.31%.
In other news, CEO Laura Alber sold 80,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the sale, the chief executive officer now directly owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Williams-Sonoma by 2.2% in the second quarter. Vanguard Group Inc. now owns 5,819,191 shares of the company’s stock valued at $303,353,000 after buying an additional 123,732 shares during the period. Blackhill Capital Inc. boosted its position in Williams-Sonoma by 0.3% in the second quarter. Blackhill Capital Inc. now owns 4,974,375 shares of the company’s stock valued at $259,314,000 after buying an additional 12,776 shares in the last quarter. HS Management Partners LLC boosted its position in Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock valued at $162,248,000 after buying an additional 531,800 shares in the last quarter. BlackRock Fund Advisors boosted its position in Williams-Sonoma by 3.8% in the second quarter. BlackRock Fund Advisors now owns 2,943,173 shares of the company’s stock valued at $153,428,000 after buying an additional 108,236 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Williams-Sonoma by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,560,477 shares of the company’s stock valued at $133,478,000 after buying an additional 26,060 shares in the last quarter. 96.36% of the stock is currently owned by institutional investors and hedge funds.
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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