Williams-Sonoma (NYSE:WSM) was upgraded by research analysts at Gordon Haskett from a “reduce” rating to a “hold” rating in a research report issued on Wednesday, March 14th, MarketBeat Ratings reports. The brokerage presently has a $61.00 price objective on the specialty retailer’s stock. Gordon Haskett’s price objective would indicate a potential upside of 21.27% from the company’s previous close.
WSM has been the topic of a number of other research reports. Zacks Investment Research cut Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Oppenheimer restated a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Bank of America decreased their price objective on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, November 17th. Moffett Nathanson began coverage on Williams-Sonoma in a report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Goldman Sachs cut Williams-Sonoma from a “buy” rating to a “neutral” rating in a report on Tuesday, January 16th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.21.
WSM opened at $50.30 on Wednesday. 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 company has a market cap of $4,311.45, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.94 and a beta of 0.73. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $56.38.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data 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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $1.55 EPS. Williams-Sonoma’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts expect that Williams-Sonoma will post 4.18 earnings per share for the current fiscal year.
Williams-Sonoma declared that its Board of Directors has approved a share buyback plan on Wednesday, March 14th that authorizes the company to repurchase $286.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, CEO Laura Alber sold 97,965 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 264,621 shares in the company, valued at $14,345,104.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Janet Hayes sold 9,034 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $51.66, for a total value of $466,696.44. Following the transaction, the insider now owns 38,563 shares of the company’s stock, valued at $1,992,164.58. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its holdings in Williams-Sonoma by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 246,030 shares of the specialty retailer’s stock worth $12,267,000 after purchasing an additional 16,086 shares in the last quarter. Pratt Collard Advisory Partners LLC bought a new stake in Williams-Sonoma during the fourth quarter worth approximately $260,000. Advisors Asset Management Inc. increased its holdings in shares of Williams-Sonoma by 6.4% in the third quarter. Advisors Asset Management Inc. now owns 63,325 shares of the specialty retailer’s stock valued at $3,157,000 after buying an additional 3,792 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Williams-Sonoma by 1.6% in the third quarter. Wells Fargo & Company MN now owns 685,368 shares of the specialty retailer’s stock valued at $34,173,000 after buying an additional 10,684 shares in the last quarter. Finally, Marathon Asset Management LLP increased its holdings in shares of Williams-Sonoma by 1.7% in the fourth quarter. Marathon Asset Management LLP now owns 353,585 shares of the specialty retailer’s stock valued at $18,280,000 after buying an additional 5,794 shares in the last quarter.
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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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