Williams-Sonoma (NYSE:WSM) had its price target boosted by BTIG Research to $47.00 in a report published on Thursday, March 15th. They currently have a sell rating on the specialty retailer’s stock.
WSM has been the subject of several other research reports. Bank of America reduced their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an underperform rating for the company in a research note on Friday, November 17th. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $57.00 price objective for the company in a research note on Saturday, February 3rd. Stifel Nicolaus boosted their price objective 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. Wolfe Research boosted their price objective 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. Finally, 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 note on Wednesday, March 14th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Williams-Sonoma has an average rating of Hold and an average target price of $51.21.
NYSE:WSM traded down $1.68 during mid-day trading on Thursday, hitting $50.30. 1,288,248 shares of the stock traded hands, compared to its average volume of 2,217,113. The stock has a market cap of $4,375.43, a P/E ratio of 13.93, a P/E/G ratio of 0.96 and a beta of 0.73. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.38. 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 (NYSE:WSM) last issued its quarterly earnings data on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, beating the consensus estimate of $1.61 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. Williams-Sonoma’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. equities analysts forecast that Williams-Sonoma will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, April 27th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, April 26th. Williams-Sonoma’s payout ratio is presently 43.21%.
Williams-Sonoma announced that its Board of Directors has authorized a share buyback program on Wednesday, March 14th that allows the company to repurchase $286.00 million in shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board 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 shares were sold at an average price of $54.21, for a total value of $5,310,682.65. Following the completion of the sale, the chief executive officer now directly owns 264,621 shares in the company, valued at approximately $14,345,104.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $466,696.44. Following the completion of the sale, 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 bought and sold shares of the stock. Ffcm LLC bought a new stake in Williams-Sonoma during the 3rd quarter valued at $125,000. Rational Advisors LLC bought a new stake in Williams-Sonoma during the 4th quarter valued at $171,000. Private Trust Co. NA bought a new stake in Williams-Sonoma during the 4th quarter valued at $203,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Williams-Sonoma by 49.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock valued at $224,000 after buying an additional 1,429 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Williams-Sonoma during the 4th quarter valued at $236,000.
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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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