Williams-Sonoma, Inc. (NYSE:WSM) had its price objective cut by Bank of America Corporation from $40.00 to $38.00 in a research note issued to investors on Friday. They currently have an underperform rating on the specialty retailer’s stock.
A number of other brokerages have also commented on WSM. Buckingham Research decreased their target price on Williams-Sonoma from $53.00 to $48.00 and set a neutral rating for the company in a research report on Thursday, August 24th. Credit Suisse Group set a $44.00 target price on Williams-Sonoma and gave the company a hold rating in a research report on Thursday, August 24th. Royal Bank Of Canada lifted their price target on Williams-Sonoma from $49.00 to $50.00 and gave the company a sector perform rating in a research note on Thursday, August 24th. Robert W. Baird set a $48.00 price target on Williams-Sonoma and gave the company a hold rating in a research note on Tuesday, October 31st. Finally, BidaskClub downgraded Williams-Sonoma from a sell rating to a strong sell rating in a research note on Friday, July 28th. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $51.49.
Shares of Williams-Sonoma (NYSE:WSM) traded down $7.09 during trading on Friday, reaching $45.78. The company had a trading volume of 16,017,721 shares, compared to its average volume of 1,701,410. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $56.94. The company has a market cap of $4,500.00, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. research analysts forecast that Williams-Sonoma will post 3.59 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be issued a $0.39 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.41%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.
Large investors have recently bought and sold shares of the stock. Ffcm LLC bought a new stake in shares of Williams-Sonoma in the 3rd quarter worth approximately $125,000. Alpha Omega Wealth Management LLC raised its holdings in shares of Williams-Sonoma by 828.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Williams-Sonoma by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after purchasing an additional 274 shares during the period. IFP Advisors Inc raised its holdings in Williams-Sonoma by 39.8% during the 2nd quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 838 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Williams-Sonoma by 7.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock valued at $182,000 after acquiring an additional 250 shares during the period. 98.93% of the stock is currently owned by institutional investors.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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