Williams-Sonoma Inc. (WSM) Earns Neutral Rating from Wedbush
Several other research analysts have also recently issued reports on WSM. Vetr cut shares of Williams-Sonoma from a buy rating to a hold rating and set a $53.81 target price for the company. in a report on Wednesday, June 15th. Citigroup Inc. initiated coverage on shares of Williams-Sonoma in a report on Friday, June 17th. They issued a buy rating and a $69.00 target price for the company. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $59.00 target price for the company in a report on Tuesday, July 5th. Finally, Barclays PLC reiterated an underweight rating and set a $45.00 price target on shares of Williams-Sonoma in a research note on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $59.70.
Williams-Sonoma (NYSE:WSM) opened at 48.97 on Monday. The stock has a market cap of $4.34 billion, a PE ratio of 14.66 and a beta of 1.02. Williams-Sonoma has a one year low of $47.33 and a one year high of $77.82. The company’s 50 day moving average is $50.86 and its 200 day moving average is $53.40.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Williams-Sonoma will post $3.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 3.02%. Williams-Sonoma’s dividend payout ratio is presently 44.31%.
In related news, CEO Laura Alber sold 80,000 shares of the firm’s stock in a transaction that occurred 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 $16,375,073.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Janet Hayes sold 15,027 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the sale, the insider now directly owns 32,776 shares in the company, valued at $1,630,278.24. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. boosted its stake in Williams-Sonoma by 5.0% in the third quarter. Orrstown Financial Services Inc. now owns 16,032 shares of the company’s stock valued at $819,000 after buying an additional 765 shares in the last quarter. Fisher Asset Management LLC raised its position in Williams-Sonoma by 0.4% in the third quarter. Fisher Asset Management LLC now owns 37,726 shares of the company’s stock valued at $1,927,000 after buying an additional 155 shares during the last quarter. Salem Capital Management Inc. acquired a new position in Williams-Sonoma during the third quarter valued at approximately $4,319,000. Ronna Sue Cohen raised its position in Williams-Sonoma by 3.0% in the third quarter. Ronna Sue Cohen now owns 38,279 shares of the company’s stock valued at $1,955,000 after buying an additional 1,114 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock valued at $107,000 after buying an additional 236 shares during the last quarter. 96.59% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma Company Profile
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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