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.

ILLEGAL ACTIVITY WARNING: “J P Morgan Chase & Co Downgrades Williams-Sonoma, Inc. (WSM) to Underweight” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/21/j-p-morgan-chase-co-downgrades-williams-sonoma-inc-wsm-to-underweight.html.

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.

About Williams-Sonoma

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.