Williams-Sonoma (NYSE:WSM) has been assigned an average rating of “Hold” from the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $51.00.
Several analysts have weighed in on WSM shares. Zacks Investment Research downgraded Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Goldman Sachs downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Gordon Haskett raised Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 price objective for the company in a report on Wednesday, March 14th. Barclays set a $45.00 price objective on Williams-Sonoma and gave the company a “sell” rating in a report on Thursday, March 15th. Finally, BTIG Research boosted their price objective on Williams-Sonoma to $47.00 and gave the company a “sell” rating in a report on Thursday, March 15th.
In related news, insider Janet Hayes sold 9,034 shares of the company’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $51.66, for a total value of $466,696.44. Following the completion of the transaction, the insider now owns 38,563 shares of the company’s stock, valued at approximately $1,992,164.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 97,965 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $54.21, for a total value of $5,310,682.65. Following the completion of the transaction, the chief executive officer now directly owns 264,621 shares of the company’s stock, valued at approximately $14,345,104.41. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pratt Collard Advisory Partners LLC acquired a new position in Williams-Sonoma in the 4th quarter worth about $260,000. Stone Ridge Asset Management LLC acquired a new position in Williams-Sonoma in the 4th quarter worth about $837,000. Marathon Asset Management LLP raised its holdings in Williams-Sonoma by 1.7% in the 4th quarter. Marathon Asset Management LLP now owns 353,585 shares of the specialty retailer’s stock worth $18,280,000 after purchasing an additional 5,794 shares during the period. American Assets Investment Management LLC raised its holdings in Williams-Sonoma by 6.1% in the 4th quarter. American Assets Investment Management LLC now owns 96,780 shares of the specialty retailer’s stock worth $5,004,000 after purchasing an additional 5,530 shares during the period. Finally, New Mexico Educational Retirement Board acquired a new position in Williams-Sonoma in the 4th quarter worth about $1,018,000.
Williams-Sonoma stock traded up $0.97 during trading hours on Thursday, hitting $49.49. 1,677,237 shares of the stock traded hands, compared to its average volume of 1,498,242. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 1.62. The company has a market cap of $4,165.82, a PE ratio of 13.71, a PEG ratio of 0.91 and a beta of 0.73. Williams-Sonoma has a 1 year low of $42.68 and a 1 year high of $56.38.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. analysts predict that Williams-Sonoma will post 4.18 EPS for the current fiscal year.
The firm also recently declared 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 a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, April 26th. This represents a $1.72 dividend on an annualized basis and a yield of 3.48%. Williams-Sonoma’s dividend payout ratio is presently 47.65%.
Williams-Sonoma declared that its board has authorized a share repurchase program on Wednesday, March 14th that allows the company to repurchase $286.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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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