Williams-Sonoma (NYSE:WSM) had its price target increased by Stifel Nicolaus from $54.00 to $58.00 in a report issued on Thursday, March 15th. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research report on Saturday, February 3rd. Morgan Stanley initiated coverage on shares of Williams-Sonoma in a research report on Friday, November 17th. They set a hold rating and a $48.00 price objective on the stock. Oppenheimer reissued a hold rating on shares of Williams-Sonoma in a research report on Friday, November 17th. Jefferies Group reissued a hold rating on shares of Williams-Sonoma in a research report on Sunday, November 19th. Finally, Gordon Haskett raised shares of Williams-Sonoma from a reduce rating to a hold rating and set a $61.00 price objective on the stock in a research report on Wednesday, March 14th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $51.21.
Shares of Williams-Sonoma stock traded down $1.68 during trading on Thursday, hitting $50.30. The company’s stock had a trading volume of 1,288,248 shares, compared to its average volume of 2,217,113. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.57. The firm has a market cap of $4,234.00, a price-to-earnings ratio of 13.93, a PEG ratio of 0.92 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 issued its quarterly earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. Williams-Sonoma’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. equities analysts anticipate that Williams-Sonoma will post 4.18 EPS for the current year.
The firm also recently disclosed 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. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, April 26th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.42%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.21%.
Williams-Sonoma declared that its board has initiated a share repurchase program on Wednesday, March 14th that allows the company to repurchase $286.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.
In related news, CEO Laura Alber sold 97,965 shares of the firm’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 transaction, the chief executive officer now owns 264,621 shares of the company’s stock, valued at $14,345,104.41. The transaction 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 firm’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 transaction, the insider now directly owns 38,563 shares in the company, valued at approximately $1,992,164.58. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WSM. Ffcm LLC purchased a new position in shares of Williams-Sonoma in the third quarter worth approximately $125,000. Rational Advisors LLC bought a new stake in Williams-Sonoma during the 4th quarter worth approximately $171,000. Private Trust Co. NA bought a new stake in Williams-Sonoma during the 4th quarter worth approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 worth $224,000 after acquiring an additional 1,429 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Williams-Sonoma during the 4th quarter worth approximately $236,000.
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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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