Williams-Sonoma (WSM) Now Covered by Analysts at Moffett Nathanson
Other research analysts have also issued research reports about the stock. BTIG Research reiterated 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 upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $58.00 price objective for the company in a report on Thursday, October 12th. Deutsche Bank dropped their price objective on shares of Williams-Sonoma from $52.00 to $50.00 and set a hold rating for the company in a report on Thursday, August 24th. Oppenheimer reiterated a hold rating on shares of Williams-Sonoma in a report on Friday, November 17th. Finally, Bank of America dropped their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an underperform rating for the company in a report on Friday, November 17th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $51.39.
Williams-Sonoma (WSM) traded up $2.64 on Monday, hitting $54.25. 3,007,400 shares of the stock were exchanged, compared to its average volume of 1,731,584. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The firm has a market cap of $4,560.00, a P/E ratio of 14.70, a P/E/G ratio of 1.92 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts expect that Williams-Sonoma will post 3.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 2.88%. Williams-Sonoma’s payout ratio is 44.19%.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Williams-Sonoma by 4.9% during the 2nd quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock worth $464,276,000 after purchasing an additional 444,339 shares during the last quarter. Blackhill Capital Inc. raised its holdings in Williams-Sonoma by 0.5% during the 3rd quarter. Blackhill Capital Inc. now owns 4,047,901 shares of the specialty retailer’s stock worth $201,828,000 after purchasing an additional 21,035 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Williams-Sonoma by 1,109.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after purchasing an additional 3,226,625 shares during the last quarter. State Street Corp raised its holdings in Williams-Sonoma by 0.9% during the 2nd quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock worth $157,297,000 after purchasing an additional 28,837 shares during the last quarter. Finally, FMR LLC raised its holdings in Williams-Sonoma by 115.4% during the 2nd quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after purchasing an additional 1,435,014 shares during the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.
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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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