Williams-Sonoma Inc. (WSM) Receives Average Recommendation of “Hold” from Brokerages
Shares of Williams-Sonoma Inc. (NYSE:WSM) have been given a consensus recommendation of “Hold” by the twenty-nine brokerages that are presently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $59.19.
Several brokerages recently issued reports on WSM. Oppenheimer Holdings Inc. began coverage on Williams-Sonoma in a report on Tuesday, September 20th. They issued an “outperform” rating on the stock. Credit Suisse Group AG began coverage on Williams-Sonoma in a report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 price target on the stock. Vetr downgraded Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 price target on the stock. in a report on Monday, August 29th. Argus reissued a “buy” rating and issued a $75.00 price target on shares of Williams-Sonoma in a report on Monday, August 29th. Finally, Wedbush reissued a “neutral” rating and issued a $53.00 price target on shares of Williams-Sonoma in a report on Thursday, August 4th.
Shares of Williams-Sonoma (NYSE:WSM) traded down 0.59% during trading on Thursday, hitting $48.68. 593,040 shares of the stock were exchanged. Williams-Sonoma has a 52 week low of $47.33 and a 52 week high of $77.82. The stock’s 50 day moving average price is $50.86 and its 200 day moving average price is $53.40. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 14.57 and a beta of 1.02.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. On average, equities analysts predict that Williams-Sonoma will post $3.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, October 25th. This represents a $1.48 annualized dividend and a yield of 3.02%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.31%.
In other Williams-Sonoma news, CEO Laura Alber sold 80,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the transaction, the chief executive officer now directly owns 307,860 shares in the company, valued at $16,375,073.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Janet Hayes sold 15,027 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $49.74, for a total value of $747,442.98. Following the transaction, the insider now owns 32,776 shares in the company, valued at $1,630,278.24. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Teachers Advisors Inc. raised its position in Williams-Sonoma by 2.9% in the first quarter. Teachers Advisors Inc. now owns 70,669 shares of the company’s stock valued at $3,868,000 after buying an additional 1,975 shares during the period. BlackRock Inc. raised its position in Williams-Sonoma by 55.4% in the first quarter. BlackRock Inc. now owns 52,417 shares of the company’s stock worth $2,868,000 after buying an additional 18,694 shares during the last quarter. BlackRock Group LTD raised its position in Williams-Sonoma by 173.0% in the first quarter. BlackRock Group LTD now owns 346,819 shares of the company’s stock worth $18,985,000 after buying an additional 219,791 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Williams-Sonoma by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,534,417 shares of the company’s stock worth $138,734,000 after buying an additional 57,605 shares during the last quarter. Finally, BlackRock Japan Co. Ltd acquired a new position in Williams-Sonoma during the first quarter worth approximately $289,000. Institutional investors own 96.59% of the company’s stock.
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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