Guggenheim restated their neutral rating on shares of Williams-Sonoma, Inc. (NYSE:WSM) in a research report report published on Thursday.

Several other analysts have also recently commented on the stock. Morgan Stanley reduced their target price on shares of Williams-Sonoma from $50.00 to $48.00 and set an equal weight rating for the company in a research note on Thursday. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Williams-Sonoma from $58.00 to $57.00 and set a buy rating for the company in a research note on Thursday. Jefferies Group LLC reduced their target price on shares of Williams-Sonoma from $54.00 to $49.00 and set a hold rating for the company in a research note on Thursday. Deutsche Bank AG reduced their target price on shares of Williams-Sonoma from $52.00 to $50.00 and set a hold rating for the company in a research note on Thursday. Finally, Buckingham Research reduced their target price on shares of Williams-Sonoma from $53.00 to $48.00 and set a neutral rating for the company in a research note on Thursday. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Williams-Sonoma has an average rating of Hold and an average target price of $52.92.

Williams-Sonoma (WSM) opened at 45.38 on Thursday. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The company has a 50-day moving average price of $45.35 and a 200-day moving average price of $48.89. The company has a market capitalization of $3.89 billion, a PE ratio of 13.03 and a beta of 0.89.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $0.58 EPS. Williams-Sonoma’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Williams-Sonoma will post $3.56 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, July 21st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Wednesday, July 19th. Williams-Sonoma’s payout ratio is currently 44.96%.

A number of institutional investors have recently made changes to their positions in WSM. State of Alaska Department of Revenue acquired a new position in shares of Williams-Sonoma during the first quarter worth about $361,000. Bank of Montreal Can boosted its position in shares of Williams-Sonoma by 94.3% in the first quarter. Bank of Montreal Can now owns 21,506 shares of the specialty retailer’s stock worth $1,153,000 after buying an additional 10,436 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Williams-Sonoma by 30.8% in the first quarter. Pacer Advisors Inc. now owns 10,444 shares of the specialty retailer’s stock worth $560,000 after buying an additional 2,461 shares during the last quarter. Menta Capital LLC acquired a new position in shares of Williams-Sonoma during the first quarter worth about $2,231,000. Finally, First Long Island Investors LLC boosted its position in shares of Williams-Sonoma by 30.4% in the first quarter. First Long Island Investors LLC now owns 184,769 shares of the specialty retailer’s stock worth $9,907,000 after buying an additional 43,090 shares during the last quarter. Institutional investors own 95.52% 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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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