Williams-Sonoma (WSM) Given a $48.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $48.00 price target on Williams-Sonoma (NYSE:WSM) in a research report sent to investors on Thursday, March 15th. The firm currently has an underperform rating on the specialty retailer’s stock.

Other analysts also recently issued reports about the company. Jefferies Group restated a hold rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Loop Capital boosted their target price on Williams-Sonoma to $55.00 and gave the stock a hold rating in a research report on Thursday, March 15th. They noted that the move was a valuation call. Moffett Nathanson assumed coverage on Williams-Sonoma in a research report on Monday, December 4th. They set a neutral rating on the stock. Zacks Investment Research upgraded Williams-Sonoma from a sell rating to a hold rating in a research report on Tuesday, November 21st. Finally, Oppenheimer reissued a hold rating on shares of Williams-Sonoma in a report on Friday, November 17th. Six 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 presently has an average rating of Hold and a consensus price target of $51.21.

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Shares of NYSE WSM opened at $50.30 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. Williams-Sonoma has a fifty-two week low of $42.68 and a fifty-two week high of $56.38. The stock has a market cap of $4,311.45, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.94 and a beta of 0.73.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share for the quarter, beating the 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 the consensus estimate of $1.65 billion. During the same period last year, the business posted $1.55 EPS. The company’s revenue was up 6.2% on a year-over-year basis. equities analysts forecast that Williams-Sonoma will post 4.18 EPS for the current year.

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 $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 26th. This represents a $1.72 dividend on an annualized basis and a yield of 3.42%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio is currently 43.21%.

Williams-Sonoma declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 14th that allows the company to repurchase $286.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

In other Williams-Sonoma 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 transaction of $5,310,682.65. Following the sale, the chief executive officer now owns 264,621 shares in the company, valued at $14,345,104.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the insider now owns 38,563 shares in the company, valued at approximately $1,992,164.58. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in WSM. Crossmark Global Holdings Inc. acquired a new stake in shares of Williams-Sonoma during the 3rd quarter worth approximately $412,000. Prudential Financial Inc. raised its position in shares of Williams-Sonoma by 29.2% during 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 position in shares of Williams-Sonoma by 0.4% during 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 position in shares of Williams-Sonoma by 17.9% during 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 increased its position 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 valued at $2,738,000 after acquiring an additional 11,087 shares during the period.

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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)

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