Williams Sonoma Given “Hold” Rating at Deutsche Bank (WSM)
Williams Sonoma (NYSE: WSM)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They currently have a $49.00 price target on the stock.
The analysts wrote, “Heading into the 4th quarter results, we believe the focus will be on WSM’s ability to beat what originally looked like conservative guidance, as well as the 1Q and 2013 initial guidance. Gross margins will be of particular focus. We maintain our Buy rating and $49 price target based on 15x our 2014 estimate, in line with our 15% long term EPS growth rate forecast. The biggest risk is incremental gross margin concerns from a promotional environment in home furnishings.”
A number of other analysts have also recently weighed in on WSM. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Williams Sonoma in a research note to investors on Wednesday, March 13th. Separately, analysts at Canaccord Genuity raised their price target on shares of Williams Sonoma from $55.00 to $57.00 in a research note to investors on Monday, March 4th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Williams Sonoma in a research note to investors on Tuesday, February 5th. They set a “neutral” rating and a $49.00 price target on the stock.
Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Williams Sonoma has a consensus rating of “Hold” and a consensus target price of $48.92.
Williams Sonoma (NYSE: WSM) traded down 0.58% on Monday, hitting $49.56. Williams Sonoma has a 1-year low of $32.67 and a 1-year high of $50.49. The stock’s 50-day moving average is currently $45.81. The company has a market cap of $4.858 billion and a price-to-earnings ratio of 19.63.
Williams Sonoma (NYSE: WSM) last released its earnings data on Tuesday, March 19th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.29 by $0.05. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company posted $1.17 earnings per share. Williams Sonoma’s revenue was up 10.9% compared to the same quarter last year. Williams Sonoma has set its Q1 guidance at $0.33-0.36 EPS and its FY14 guidance at $2.65-2.75 EPS. Analysts expect that Williams Sonoma will post $2.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 24th. Stockholders of record on Friday, April 26th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a boost from Williams Sonoma’s previous quarterly dividend of $0.22.
Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The direct-to-customer segment of the Company’s business sells its products through its six e-commerce Websites (NYSE: WSM) and seven direct-mail catalogs (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, West Elm and Rejuvenation).
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