Goldman Sachs Group, Inc. (The) Trims Williams-Sonoma, Inc. (WSM) Target Price to $57.00
Williams-Sonoma, Inc. (NYSE:WSM) had its target price cut by Goldman Sachs Group, Inc. (The) from $58.00 to $57.00 in a research note published on Thursday, MarketBeat reports. They currently have a buy rating on the specialty retailer’s stock.
Several other equities analysts have also commented on the stock. BidaskClub lowered shares of Williams-Sonoma from a hold rating to a sell rating in a research note on Wednesday, June 21st. Gordon Haskett initiated coverage on shares of Williams-Sonoma in a research note on Tuesday, May 9th. They issued an accumulate rating and a $61.00 price target on the stock. Credit Suisse Group reiterated a hold rating and issued a $44.00 price target on shares of Williams-Sonoma in a research note on Tuesday, May 23rd. Jefferies Group LLC reissued a hold rating and issued a $54.00 price objective on shares of Williams-Sonoma in a report on Thursday, May 25th. Finally, Telsey Advisory Group increased their price objective on Williams-Sonoma from $51.00 to $57.00 and gave the company a market perform rating in a report on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $52.92.
Williams-Sonoma (NYSE WSM) opened at 45.38 on Thursday. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.94. The stock’s 50 day moving average is $45.35 and its 200 day moving average is $48.89. The stock 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 announced its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. Equities analysts anticipate that Williams-Sonoma will post $3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, July 21st were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Wednesday, July 19th. Williams-Sonoma’s payout ratio is 44.96%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc boosted its position in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank boosted its position in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 250 shares during the last quarter. Invictus RG acquired a new position in Williams-Sonoma during the first quarter valued at about $122,000. Finally, Foresters Investment Management Company Inc. acquired a new position in Williams-Sonoma during the first quarter valued at about $134,000. Hedge funds and other institutional investors own 96.84% 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.
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