J P Morgan Chase & Co Downgrades Williams-Sonoma, Inc. (WSM) to Underweight
J P Morgan Chase & Co cut shares of Williams-Sonoma, Inc. (NYSE:WSM) from an overweight rating to an underweight rating in a research report report published on Friday morning, Marketbeat reports. The firm currently has $46.00 price objective on the specialty retailer’s stock.
WSM has been the subject of a number of other reports. BTIG Research reiterated a sell rating and issued a $41.00 target price on shares of Williams-Sonoma in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Thursday, October 12th. Deutsche Bank AG cut their price objective on shares of Williams-Sonoma from $52.00 to $50.00 and set a hold rating for the company in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) cut their price objective on shares of Williams-Sonoma from $58.00 to $57.00 and set a buy rating for the company in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. restated a buy rating and set a $62.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, October 17th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $52.01.
Shares of Williams-Sonoma (NYSE:WSM) opened at $46.62 on Friday. The company has a market cap of $3,900.00, a PE ratio of 13.04, a PEG ratio of 0.99 and a beta of 0.91. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.94.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. research analysts expect that Williams-Sonoma will post 3.56 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.19%.
Several hedge funds and other institutional investors have recently bought and sold shares of WSM. Ffcm LLC purchased a new position in shares of Williams-Sonoma in the third quarter valued at approximately $125,000. Alpha Omega Wealth Management LLC boosted its stake in shares of Williams-Sonoma by 828.3% in the second quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Williams-Sonoma by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 274 shares during the period. IFP Advisors Inc boosted its stake in shares of Williams-Sonoma by 39.8% in the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 838 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Williams-Sonoma by 7.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock worth $182,000 after acquiring an additional 250 shares during the last quarter. 99.33% of the stock is 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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