Williams-Sonoma, Inc. (NYSE:WSM) – Oppenheimer issued their Q1 2019 earnings estimates for Williams-Sonoma in a research note issued on Thursday. Oppenheimer analyst B. Nagel expects that the specialty retailer will earn $0.57 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Williams-Sonoma’s Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $1.97 EPS and FY2020 earnings at $4.35 EPS.
A number of other research analysts have also issued reports on WSM. BTIG Research boosted their target price on shares of Williams-Sonoma to $47.00 and gave the company a “sell” rating in a research note on Thursday. Credit Suisse Group set a $48.00 target price on shares of Williams-Sonoma and gave the company an “underperform” rating in a research note on Thursday. Loop Capital boosted their target price on shares of Williams-Sonoma to $55.00 and gave the company a “hold” rating in a research note on Thursday. They noted that the move was a valuation call. Jefferies Group reissued a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Finally, Moffett Nathanson assumed coverage on shares of Williams-Sonoma in a research note on Monday, December 4th. They set a “neutral” rating for the company. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.21.
Shares of Williams-Sonoma (NYSE WSM) opened at $55.32 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 1.62. Williams-Sonoma has a 1 year low of $42.68 and a 1 year high of $56.38. The firm has a market cap of $4,632.16, a PE ratio of 18.26, a P/E/G ratio of 1.01 and a beta of 0.82.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Blackhill Capital Inc. raised its holdings in shares of Williams-Sonoma by 0.3% during the fourth quarter. Blackhill Capital Inc. now owns 4,061,332 shares of the specialty retailer’s stock valued at $209,971,000 after acquiring an additional 13,431 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Williams-Sonoma by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,515,793 shares of the specialty retailer’s stock valued at $130,067,000 after acquiring an additional 50,750 shares during the period. Kiltearn Partners LLP raised its holdings in shares of Williams-Sonoma by 1.7% during the fourth quarter. Kiltearn Partners LLP now owns 1,185,347 shares of the specialty retailer’s stock valued at $61,282,000 after acquiring an additional 20,300 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Williams-Sonoma by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,180,182 shares of the specialty retailer’s stock valued at $58,847,000 after acquiring an additional 50,456 shares during the period. Finally, APG Asset Management N.V. raised its holdings in shares of Williams-Sonoma by 124.1% during the fourth quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock valued at $44,807,000 after acquiring an additional 576,300 shares during the period.
Williams-Sonoma announced that its board has initiated a share buyback plan on Wednesday, March 14th that permits the company to buyback $286.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, April 26th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 3.11%. Williams-Sonoma’s dividend payout ratio is currently 51.49%.
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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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