Williams-Sonoma (NYSE:WSM) had its price objective hoisted by BTIG Research to $47.00 in a research report report published on Thursday morning. They currently have a sell rating on the specialty retailer’s stock.
Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Williams-Sonoma from a hold rating to a sell rating in a report on Saturday, January 13th. Goldman Sachs Group downgraded Williams-Sonoma from a buy rating to a neutral rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. downgraded Williams-Sonoma from an overweight rating to an underweight rating and set a $46.00 price target on the stock. in a report on Friday, November 17th. Bank of America lowered their price target on Williams-Sonoma from $40.00 to $38.00 and set an underperform rating on the stock in a report on Friday, November 17th. Finally, Morgan Stanley began coverage on Williams-Sonoma in a report on Friday, November 17th. They set a hold rating and a $48.00 price target on the stock. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $51.05.
Williams-Sonoma (WSM) traded up $0.67 during trading on Thursday, reaching $55.70. The company’s stock had a trading volume of 1,026,875 shares, compared to its average volume of 1,670,959. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $56.38. The company has a market capitalization of $4,520.21, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.82.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a return on equity of 26.13% and a net margin of 4.90%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts expect that Williams-Sonoma will post 4.08 earnings per share for the current fiscal year.
Williams-Sonoma declared that its board has authorized a share repurchase plan on Wednesday, March 14th that permits the company to repurchase $286.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be issued a $0.43 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, April 26th. This represents a $1.72 dividend on an annualized basis and a yield of 3.09%. Williams-Sonoma’s dividend payout ratio is currently 51.49%.
A number of hedge funds have recently bought and sold shares of the business. Blackhill Capital Inc. lifted its holdings in Williams-Sonoma by 0.3% in the fourth quarter. Blackhill Capital Inc. now owns 4,061,332 shares of the specialty retailer’s stock valued at $209,971,000 after acquiring an additional 13,431 shares during the period. Bank of New York Mellon Corp lifted its holdings in Williams-Sonoma by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,515,793 shares of the specialty retailer’s stock valued at $130,067,000 after acquiring an additional 50,750 shares during the period. Kiltearn Partners LLP lifted its holdings in Williams-Sonoma by 1.7% in the fourth quarter. Kiltearn Partners LLP now owns 1,185,347 shares of the specialty retailer’s stock valued at $61,282,000 after acquiring an additional 20,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Williams-Sonoma by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,180,182 shares of the specialty retailer’s stock valued at $58,847,000 after acquiring an additional 50,456 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Williams-Sonoma by 124.1% in the fourth quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock valued at $44,807,000 after acquiring an additional 576,300 shares during the period.
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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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