Equities analysts predict that Williams-Sonoma, Inc. (NYSE:WSM) will report sales of $1.26 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Williams-Sonoma’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.27 billion. Williams-Sonoma reported sales of $1.20 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 22nd.

According to Zacks, analysts expect that Williams-Sonoma will report full year sales of $5.61 billion for the current fiscal year, with estimates ranging from $5.55 billion to $5.65 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.72 billion per share, with estimates ranging from $5.57 billion to $5.87 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, May 23rd. The specialty retailer reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Williams-Sonoma had a net margin of 4.93% and a return on equity of 27.10%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis.

Several research firms have weighed in on WSM. ValuEngine downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Barclays set a $45.00 price objective on shares of Williams-Sonoma and gave the stock a “sell” rating in a report on Thursday, March 15th. BTIG Research upped their price objective on shares of Williams-Sonoma to $47.00 and gave the stock a “sell” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Saturday, February 3rd. Finally, Wolfe Research upped their price objective on shares of Williams-Sonoma from $52.00 to $55.00 and gave the stock a “peer perform” rating in a report on Thursday, March 15th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams-Sonoma opened at $55.37 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.53 and a current ratio of 1.73. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.44. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, April 27th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, April 26th. This represents a $1.72 annualized dividend and a yield of 3.11%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio is presently 47.65%.

Williams-Sonoma declared that its board has authorized a stock buyback plan on Wednesday, March 14th that authorizes the company to buyback $286.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, CEO Laura Alber sold 97,965 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $54.21, for a total transaction of $5,310,682.65. Following the completion of the transaction, the chief executive officer now owns 264,621 shares in the company, valued at $14,345,104.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Julie Whalen sold 30,000 shares of the stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $54.47, for a total transaction of $1,634,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,999 shares of company stock valued at $7,411,479. 1.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC bought a new position in Williams-Sonoma during the fourth quarter valued at about $171,000. Covenant Asset Management LLC bought a new position in Williams-Sonoma during the first quarter worth about $208,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Williams-Sonoma by 49.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock worth $224,000 after purchasing an additional 1,429 shares during the period. Princeton Portfolio Strategies Group LLC bought a new position in Williams-Sonoma during the first quarter worth about $226,000. Finally, Quadrature Capital Ltd bought a new position in Williams-Sonoma during the fourth quarter worth about $236,000.

About Williams-Sonoma

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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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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