Williams-Sonoma, Inc. (NYSE:WSM) – Analysts at Oppenheimer Holdings reduced their FY2018 EPS estimates for shares of Williams-Sonoma in a research note issued to investors on Friday. Oppenheimer Holdings analyst B. Nagel now anticipates that the specialty retailer will earn $3.52 per share for the year, down from their prior forecast of $3.57. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Williams-Sonoma’s Q4 2018 earnings at $1.59 EPS and FY2019 earnings at $3.65 EPS.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. Williams-Sonoma’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS.
A number of other brokerages have also recently issued reports on WSM. J P Morgan Chase & Co cut Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective on the stock. in a research note on Friday. Gordon Haskett lowered Williams-Sonoma from a “hold” rating to a “reduce” rating in a report on Friday. Morgan Stanley started coverage on Williams-Sonoma in a report on Friday. They set a “hold” rating and a $48.00 price objective for the company. Bank of America Corporation cut their target price on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday. Finally, Robert W. Baird set a $48.00 target price on Williams-Sonoma and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $52.01.
Williams-Sonoma (NYSE:WSM) traded up $0.84 during midday trading on Monday, reaching $46.62. 4,097,200 shares of the company traded hands, compared to its average volume of 1,712,135. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $56.94. The firm has a market cap of $3,900.00, a P/E ratio of 13.04, a P/E/G ratio of 0.99 and a beta of 0.91.
A number of hedge funds have recently bought and sold shares of the business. Vision Capital Management Inc. increased its stake in Williams-Sonoma by 0.3% during the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock worth $902,000 after acquiring an additional 47 shares during the last quarter. US Bancorp DE boosted its position in shares of Williams-Sonoma by 0.4% during the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan boosted its position in shares of Williams-Sonoma by 0.3% during the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Williams-Sonoma by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 48,421 shares of the specialty retailer’s stock worth $2,346,000 after buying an additional 158 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Williams-Sonoma by 7.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock worth $182,000 after buying an additional 250 shares during the period. 99.33% of the stock is owned by institutional investors.
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 of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.35%. Williams-Sonoma’s dividend payout ratio is presently 44.19%.
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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