Williams-Sonoma (NYSE:WSM) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.55-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.56. The company issued revenue guidance of $1.14-1.17 billion, compared to the consensus revenue estimate of $1.15 billion.Williams-Sonoma also updated its FY19 guidance to $4.12-4.22 EPS.
Williams-Sonoma stock opened at $50.30 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4,311.45, a PE ratio of 13.93, a PEG ratio of 0.94 and a beta of 0.73. Williams-Sonoma has a 1-year low of $42.68 and a 1-year 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, topping the Zacks’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business posted $1.55 earnings per share. Williams-Sonoma’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts predict that Williams-Sonoma will post 4.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be paid a $0.43 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, April 26th. Williams-Sonoma’s dividend payout ratio is presently 43.21%.
Williams-Sonoma declared that its board has initiated a share buyback program on Wednesday, March 14th that authorizes the company to repurchase $286.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have weighed in on WSM shares. Stifel Nicolaus raised their target price on shares of Williams-Sonoma from $54.00 to $58.00 and gave the company a hold rating in a research note on Thursday, March 15th. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $57.00 target price for the company in a research note on Saturday, February 3rd. Wolfe Research raised their target price on shares of Williams-Sonoma from $52.00 to $55.00 and gave the company a peer perform rating in a research note on Thursday, March 15th. Gordon Haskett raised shares of Williams-Sonoma from a reduce rating to a hold rating and set a $61.00 price target for the company in a research report on Wednesday, March 14th. Finally, Goldman Sachs downgraded shares of Williams-Sonoma from a buy rating to a neutral rating in a research report on Tuesday, January 16th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $51.21.
In other news, insider Janet Hayes sold 9,034 shares of Williams-Sonoma stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total transaction of $466,696.44. Following the transaction, the insider now owns 38,563 shares in the company, valued at approximately $1,992,164.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 97,965 shares of Williams-Sonoma stock in a transaction on Monday, March 19th. The stock was sold at an average price of $54.21, for a total transaction of $5,310,682.65. Following the transaction, the chief executive officer now owns 264,621 shares in the company, valued at approximately $14,345,104.41. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
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Williams-Sonoma Company Profile
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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