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Research analysts at Nomura began coverage on shares of Williams-Sonoma (NYSE:WSM) in a report released on Wednesday, reports. The firm set a “buy” rating on the stock.

Shares of Williams-Sonoma (NYSE:WSM) traded up 0.19% during mid-day trading on Wednesday, hitting $70.35. 1,585,589 shares of the company’s stock traded hands. Williams-Sonoma has a 52 week low of $51.70 and a 52 week high of $73.45. The stock has a 50-day moving average of $69.79 and a 200-day moving average of $62.79. The company has a market cap of $6.621 billion and a price-to-earnings ratio of 24.13.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, May 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $941.88 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that Williams-Sonoma will post $3.20 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Investors of record on Friday, July 25th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, July 23rd.

In other Williams-Sonoma news, Insider Janet Hayes unloaded 3,500 shares of Williams-Sonoma stock on the open market in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $71.77, for a total transaction of $251,195.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at S&P Equity Research initiated coverage on shares of Williams-Sonoma in a research note on Monday, July 7th. They set a “buy” rating and a $2.85 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Williams-Sonoma from $70.00 to $82.00 in a research note on Monday, July 7th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America upgraded shares of Williams-Sonoma from a “neutral” rating to a “buy” rating in a research note on Monday, July 7th. They now have a $82.00 price target on the stock, up previously from $70.00. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $68.52.

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company is an e- commerce retailer with brands in home furnishings.

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