Williams-Sonoma Inc. (WSM) Receives Neutral Rating from Wedbush
Williams-Sonoma Inc. (NYSE:WSM)‘s stock had its “neutral” rating reiterated by Wedbush in a research note issued on Monday. They currently have a $53.00 price target on the stock. Wedbush’s target price indicates a potential upside of 7.42% from the stock’s previous close.
WSM has been the subject of several other research reports. Oppenheimer Holdings Inc. began coverage on Williams-Sonoma in a research report on Tuesday, September 20th. They set an “outperform” rating for the company. Credit Suisse Group AG assumed coverage on Williams-Sonoma in a report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 price target for the company. Vetr cut Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 price target for the company. in a report on Monday, August 29th. Argus reaffirmed a “buy” rating and issued a $75.00 price target on shares of Williams-Sonoma in a report on Monday, August 29th. Finally, Nomura set a $75.00 price target on Williams-Sonoma and gave the company a “buy” rating in a report on Thursday, August 18th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $59.70.
Williams-Sonoma (NYSE:WSM) traded up 1.05% on Monday, reaching $49.86. The company had a trading volume of 501,798 shares. The company has a 50-day moving average of $51.21 and a 200 day moving average of $53.53. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 14.93 and a beta of 1.02. Williams-Sonoma has a one year low of $47.33 and a one year high of $78.46.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/williams-sonoma-inc-wsm-receives-neutral-rating-from-wedbush.html
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The business earned $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Williams-Sonoma will post $3.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is 44.31%.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of Williams-Sonoma stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total value of $747,442.98. Following the sale, the insider now owns 32,776 shares of the company’s stock, valued at approximately $1,630,278.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 80,000 shares of Williams-Sonoma stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the completion of the sale, the chief executive officer now directly owns 307,860 shares in the company, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in WSM. Advisory Services Network LLC increased its stake in Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock valued at $107,000 after buying an additional 236 shares in the last quarter. Randolph Co Inc purchased a new stake in Williams-Sonoma during the third quarter valued at about $7,183,000. Norman Fields Gottscho Capital Management LLC purchased a new stake in Williams-Sonoma during the third quarter valued at about $251,000. Mason Street Advisors LLC purchased a new stake in Williams-Sonoma during the second quarter valued at about $1,954,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Williams-Sonoma by 650.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,127 shares of the company’s stock valued at $216,000 after buying an additional 3,577 shares in the last quarter. 96.59% of the stock is currently owned by hedge funds and other institutional investors.
Williams-Sonoma Company Profile
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.
Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.