Brokerages expect Williams-Sonoma, Inc. (NYSE:WSM) to report $1.37 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Williams-Sonoma’s earnings, with the lowest sales estimate coming in at $1.36 billion and the highest estimate coming in at $1.37 billion. Williams-Sonoma reported sales of $1.30 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 15th.

On average, analysts expect that Williams-Sonoma will report full year sales of $5.65 billion for the current fiscal year, with estimates ranging from $5.61 billion to $5.67 billion. For the next financial year, analysts anticipate that the business will post sales of $5.73 billion per share, with estimates ranging from $5.62 billion to $5.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year.

Several equities analysts have recently issued reports on WSM shares. ValuEngine raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Royal Bank of Canada boosted their price target on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a report on Thursday, August 23rd. Buckingham Research boosted their price target on shares of Williams-Sonoma from $54.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, August 23rd. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. Finally, Argus set a $80.00 price target on shares of Williams-Sonoma and gave the company a “buy” rating in a report on Monday, August 27th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.04.

In other Williams-Sonoma news, insider Janet Hayes sold 4,895 shares of the business’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $61.34, for a total transaction of $300,259.30. Following the sale, the insider now directly owns 59,265 shares of the company’s stock, valued at approximately $3,635,315.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony Greener sold 5,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $60.51, for a total transaction of $302,550.00. Following the sale, the director now directly owns 33,218 shares in the company, valued at $2,010,021.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,594 shares of company stock valued at $3,257,183. Company insiders own 1.00% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Marathon Asset Management LLP lifted its position in Williams-Sonoma by 0.3% during the 2nd quarter. Marathon Asset Management LLP now owns 367,512 shares of the specialty retailer’s stock worth $22,558,000 after buying an additional 1,003 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Williams-Sonoma by 9.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 11,660 shares of the specialty retailer’s stock worth $716,000 after buying an additional 1,035 shares in the last quarter. Chemical Bank lifted its position in Williams-Sonoma by 21.5% during the 2nd quarter. Chemical Bank now owns 6,057 shares of the specialty retailer’s stock worth $372,000 after buying an additional 1,070 shares in the last quarter. Vision Capital Management Inc. lifted its position in Williams-Sonoma by 6.8% during the 2nd quarter. Vision Capital Management Inc. now owns 18,154 shares of the specialty retailer’s stock worth $1,114,000 after buying an additional 1,150 shares in the last quarter. Finally, DDD Partners LLC lifted its position in Williams-Sonoma by 0.7% during the 2nd quarter. DDD Partners LLC now owns 164,074 shares of the specialty retailer’s stock worth $10,071,000 after buying an additional 1,150 shares in the last quarter.

WSM traded up $0.09 during trading on Thursday, reaching $67.89. 1,267,457 shares of the company’s stock were exchanged, compared to its average volume of 2,857,726. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 1.56. Williams-Sonoma has a fifty-two week low of $44.01 and a fifty-two week high of $73.99. The firm has a market capitalization of $5.60 billion, a PE ratio of 17.56, a P/E/G ratio of 2.05 and a beta of 0.80.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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