Williams-Sonoma, Inc. (WSM) to Issue Quarterly Dividend of $0.43
Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Monday, September 17th, Wall Street Journal reports. Stockholders of record on Friday, October 26th will be paid a dividend of 0.43 per share by the specialty retailer on Wednesday, November 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, October 25th.
Williams-Sonoma has raised its dividend by an average of 5.8% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Williams-Sonoma has a payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Williams-Sonoma to earn $4.50 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 38.2%.
Shares of WSM opened at $66.79 on Tuesday. Williams-Sonoma has a one year low of $44.01 and a one year high of $73.99. The stock has a market capitalization of $5.47 billion, a PE ratio of 17.14, a PEG ratio of 2.00 and a beta of 0.80. The company has a quick ratio of 0.40, a current ratio of 1.56 and a debt-to-equity ratio of 0.28.
In other Williams-Sonoma news, Director Anthony Greener sold 5,000 shares of Williams-Sonoma stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $60.51, for a total value of $302,550.00. Following the completion of the sale, the director now owns 33,218 shares in the company, valued at approximately $2,010,021.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Janet Hayes sold 4,895 shares of Williams-Sonoma stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $61.34, for a total transaction of $300,259.30. Following the completion of the sale, the insider now owns 59,265 shares of the company’s stock, valued at approximately $3,635,315.10. The disclosure for this sale can be found here. Insiders sold a total of 48,594 shares of company stock valued at $3,257,183 in the last quarter. Corporate insiders own 0.87% of the company’s stock.
A number of research analysts have recently commented on the stock. Argus set a $67.00 price objective on shares of Williams-Sonoma and gave the company a “buy” rating in a research report on Friday, July 13th. Citigroup downgraded shares of Williams-Sonoma from a “buy” rating to a “neutral” rating and set a $67.00 target price for the company. in a report on Wednesday, June 20th. Robert W. Baird lifted their target price on shares of Williams-Sonoma from $52.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 23rd. UBS Group reduced their target price on shares of Williams-Sonoma from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, May 24th. Finally, Wedbush set a $62.00 target price on shares of Williams-Sonoma and gave the stock a “hold” rating in a report on Wednesday, August 15th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and a consensus target price of $59.04.
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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