Williams-Sonoma (NYSE:WSM) Given a $45.00 Price Target by Barclays Analysts

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION NOTICE: “Williams-Sonoma (NYSE:WSM) Given a $45.00 Price Target by Barclays Analysts” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/07/williams-sonoma-wsm-given-a-45-00-price-target-at-barclays.html.

About Williams-Sonoma

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply