Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at Wedbush lifted their Q4 2018 earnings estimates for Williams-Sonoma in a report issued on Thursday. Wedbush analyst S. Basham now anticipates that the brokerage will earn $1.66 per share for the quarter, up from their prior forecast of $1.59. Wedbush currently has a “Neutral” rating and a $48.00 price objective on the stock.
WSM has been the subject of several other reports. Robert W. Baird downgraded shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 31st. William Blair downgraded shares of Williams-Sonoma from an “outperform” rating to a “market perform” rating in a report on Thursday. Guggenheim reissued a “neutral” rating on shares of Williams-Sonoma in a report on Thursday. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, February 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price target on shares of Williams-Sonoma in a report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $55.68.
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Shares of Williams-Sonoma (NYSE:WSM) opened at 49.60 on Monday. The company has a 50 day moving average of $48.19 and a 200 day moving average of $50.00. The company has a market cap of $4.36 billion, a PE ratio of 14.75 and a beta of 0.97. Williams-Sonoma has a 52 week low of $45.96 and a 52 week high of $61.97.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, March 15th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.04. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Williams-Sonoma’s revenue for the quarter was down .3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, April 28th will be paid a dividend of $0.39 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, April 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.15%. Williams-Sonoma’s payout ratio is presently 44.18%.
A number of large investors have recently bought and sold shares of WSM. BlackRock Advisors LLC raised its stake in Williams-Sonoma by 213.2% in the third quarter. BlackRock Advisors LLC now owns 1,440,275 shares of the company’s stock valued at $73,569,000 after buying an additional 980,370 shares during the last quarter. Norges Bank acquired a new stake in Williams-Sonoma during the fourth quarter valued at approximately $36,265,000. Bank of New York Mellon Corp raised its stake in Williams-Sonoma by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,351,855 shares of the company’s stock valued at $171,213,000 after buying an additional 675,438 shares during the last quarter. RidgeWorth Capital Management LLC acquired a new stake in Williams-Sonoma during the fourth quarter valued at approximately $27,835,000. Finally, Neuberger Berman Group LLC raised its stake in Williams-Sonoma by 517.1% in the third quarter. Neuberger Berman Group LLC now owns 684,725 shares of the company’s stock valued at $34,976,000 after buying an additional 573,774 shares during the last quarter. 98.01% of the stock is currently owned by institutional investors and hedge funds.
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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