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.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/18/williams-sonoma-inc-wsm-downgraded-by-gordon-haskett-to-reduce.html.
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.
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.
Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.