Barclays set a $45.00 price objective on Williams-Sonoma (NYSE:WSM) in a research note issued to investors on Thursday, March 15th. The brokerage currently has a sell rating on the specialty retailer’s stock.
A number of other analysts have also commented on WSM. Zacks Investment Research lowered Williams-Sonoma from a buy rating to a sell rating in a report on Wednesday, November 15th. JPMorgan Chase lowered 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. Gordon Haskett downgraded Williams-Sonoma from a hold rating to a reduce rating in a research report on Friday, November 17th. Oppenheimer reissued a hold rating on shares of Williams-Sonoma in a research report on Friday, November 17th. Finally, Morgan Stanley assumed coverage on Williams-Sonoma in a research report on Friday, November 17th. They issued a hold rating and a $48.00 target price for the company. Six investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $51.21.
NYSE:WSM traded down $1.68 on Thursday, hitting $50.30. The stock had a trading volume of 1,288,248 shares, compared to its average volume of 2,217,113. The firm has a market cap of $4,375.43, a P/E ratio of 13.93, a PEG ratio of 0.96 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 1.62. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $56.38.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. equities analysts forecast that Williams-Sonoma will post 4.18 earnings per share for the current fiscal year.
Williams-Sonoma declared that its board has authorized a share repurchase program on Wednesday, March 14th that permits the company to buyback $286.00 million in outstanding shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, April 26th. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s payout ratio is currently 43.21%.
In related news, CEO Laura Alber sold 97,965 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $54.21, for a total value of $5,310,682.65. Following the sale, the chief executive officer now owns 264,621 shares in the company, valued at approximately $14,345,104.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Janet Hayes sold 9,034 shares of the company’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total value of $466,696.44. Following the completion of the transaction, the insider now directly owns 38,563 shares in the company, valued at $1,992,164.58. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSM. Crossmark Global Holdings Inc. bought a new position in Williams-Sonoma in the 3rd quarter worth $412,000. Prudential Financial Inc. raised its holdings in Williams-Sonoma by 29.2% in the 3rd quarter. Prudential Financial Inc. now owns 235,128 shares of the specialty retailer’s stock worth $11,723,000 after purchasing an additional 53,170 shares during the period. Principal Financial Group Inc. raised its holdings in Williams-Sonoma by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 343,847 shares of the specialty retailer’s stock worth $17,144,000 after purchasing an additional 1,289 shares during the period. FDx Advisors Inc. raised its holdings in Williams-Sonoma by 17.9% in the 3rd quarter. FDx Advisors Inc. now owns 18,153 shares of the specialty retailer’s stock worth $905,000 after purchasing an additional 2,753 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Williams-Sonoma by 25.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 54,911 shares of the specialty retailer’s stock worth $2,738,000 after purchasing an additional 11,087 shares during the period.
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Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams-Sonoma brand, as well as home furnishings and decorative accessories under the Williams-Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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