Williams-Sonoma, Inc. (NYSE:WSM) – Analysts at Oppenheimer reduced their FY2018 earnings estimates for shares of Williams-Sonoma in a research note issued to investors on Friday, Zacks Investment Research reports. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $3.52 for the year, down from their previous estimate of $3.57. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Williams-Sonoma’s Q4 2018 earnings at $1.59 EPS and FY2019 earnings at $3.65 EPS.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis.
A number of other brokerages have also recently issued reports on WSM. J P Morgan Chase & Co cut shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a research note on Friday, November 17th. Gordon Haskett lowered shares of Williams-Sonoma from a “hold” rating to a “reduce” rating in a research report on Friday, November 17th. Morgan Stanley started coverage on shares of Williams-Sonoma in a research report on Friday, November 17th. They set a “hold” rating and a $48.00 target price for the company. Bank of America dropped their target price on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, November 17th. Finally, Moffett Nathanson assumed coverage on shares of Williams-Sonoma in a research report on Monday. They set a “neutral” rating for the company. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.39.
Shares of Williams-Sonoma (WSM) traded down $0.45 during mid-day trading on Monday, reaching $53.80. 1,886,024 shares of the company’s stock were exchanged, compared to its average volume of 1,732,244. The stock has a market capitalization of $4,560.00, a PE ratio of 14.70, a P/E/G ratio of 1.92 and a beta of 0.89. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $56.94.
A number of hedge funds and other institutional investors have recently bought and sold shares of WSM. Ffcm LLC bought a new stake in shares of Williams-Sonoma in the 3rd quarter valued at about $125,000. Alpha Omega Wealth Management LLC boosted its holdings in shares of Williams-Sonoma by 828.3% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Williams-Sonoma by 10.4% in the 2nd 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 in the last quarter. IFP Advisors Inc boosted its holdings in shares of Williams-Sonoma by 39.8% in the 2nd 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Williams-Sonoma by 7.1% in the 2nd 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 in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Thursday, October 26th. Williams-Sonoma’s dividend payout ratio (DPR) is 44.19%.
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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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