Williams-Sonoma, Inc. (WSM) Downgraded by Gordon Haskett to Reduce

Gordon Haskett cut shares of Williams-Sonoma, Inc. (NYSE:WSM) from a hold rating to a reduce rating in a research note issued to investors on Friday.

Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Williams-Sonoma from a c+ rating to a b- rating in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $48.00 price target for the company in a research report on Thursday, August 24th. The Goldman Sachs Group, Inc. cut their price target on shares of Williams-Sonoma from $58.00 to $57.00 and set a buy rating for the company in a research report on Thursday, August 24th. SunTrust Banks, Inc. restated a buy rating and set a $62.00 price target on shares of Williams-Sonoma in a research report on Tuesday, October 17th. Finally, Morgan Stanley cut their price target on shares of Williams-Sonoma from $50.00 to $48.00 and set an equal weight rating for the company in a research report on Thursday, August 24th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the stock. Williams-Sonoma has a consensus rating of Hold and an average target price of $51.49.

Shares of Williams-Sonoma (NYSE WSM) traded down $7.09 during trading hours on Friday, reaching $45.78. 16,017,721 shares of the company traded hands, compared to its average volume of 1,701,410. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The stock has a market capitalization of $4,500.00, a price-to-earnings ratio of 14.88, a PEG ratio of 1.10 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, hitting the consensus estimate of $0.84. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. equities research analysts predict that Williams-Sonoma will post 3.59 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is 44.96%.

Several large investors have recently bought and sold shares of WSM. Ffcm LLC purchased a new stake in shares of Williams-Sonoma during the third quarter valued at approximately $125,000. Alpha Omega Wealth Management LLC grew its holdings in shares of 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 valued at $135,000 after buying an additional 2,485 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Williams-Sonoma by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after buying an additional 274 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Williams-Sonoma by 39.8% during the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 838 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Williams-Sonoma by 7.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

About Williams-Sonoma

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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