Q4 2018 EPS Estimates for Williams-Sonoma, Inc. (WSM) Cut by Analyst
Williams-Sonoma, Inc. (NYSE:WSM) – Investment analysts at Jefferies Group lowered their Q4 2018 earnings per share (EPS) estimates for shares of Williams-Sonoma in a research report issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the specialty retailer will earn $1.65 per share for the quarter, down from their previous forecast of $1.69. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Williams-Sonoma’s Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.87 EPS and Q4 2019 earnings at $1.82 EPS.
A number of other research analysts have also weighed in on the company. BTIG Research reissued a “sell” rating and issued a $41.00 price objective on shares of Williams-Sonoma in a report on Monday, August 21st. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday, October 12th. Deutsche Bank AG cut their price objective on Williams-Sonoma from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Finally, Bank of America Corporation cut their price objective on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, November 17th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have issued a buy rating to the company’s stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $51.39.
Shares of Williams-Sonoma (WSM) traded down $1.03 during trading hours on Monday, reaching $45.59. The company had a trading volume of 3,065,000 shares, compared to its average volume of 1,718,158. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $56.94. The firm has a market cap of $3,938.36, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.73 and a beta of 0.91.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.42%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.
Hedge funds have recently modified their holdings of the business. Ffcm LLC purchased a new position in Williams-Sonoma during the third quarter worth approximately $125,000. Alpha Omega Wealth Management LLC boosted its position in Williams-Sonoma by 828.3% during the second quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,485 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Williams-Sonoma by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after purchasing an additional 274 shares in the last quarter. IFP Advisors Inc boosted its position in Williams-Sonoma by 39.8% during the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 838 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in Williams-Sonoma during the second quarter worth approximately $182,000. Institutional investors own 99.33% of the company’s stock.
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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