Williams-Sonoma’s (WSM) Neutral Rating Reiterated at Wedbush
Williams-Sonoma Inc. (NYSE:WSM)‘s stock had its “neutral” rating restated by investment analysts at Wedbush in a research report issued to clients and investors on Monday. They currently have a $53.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 7.42% from the stock’s current price.
Several other equities research analysts have also recently commented on the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Williams-Sonoma in a research report on Sunday, October 2nd. Vetr raised shares of Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $55.72 price target on the stock in a research report on Monday, September 12th. Argus reissued a “buy” rating and set a $75.00 price target on shares of Williams-Sonoma in a research report on Monday, August 29th. Piper Jaffray Cos. reissued a “neutral” rating and set a $56.00 price target (down from $60.00) on shares of Williams-Sonoma in a research report on Friday, August 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $54.00 price target (down from $55.00) on shares of Williams-Sonoma in a research report on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Williams-Sonoma presently has a consensus rating of “Hold” and an average price target of $59.70.
Shares of Williams-Sonoma (NYSE:WSM) traded up 1.20% during midday trading on Monday, hitting $49.93. The stock had a trading volume of 496,902 shares. The firm has a market capitalization of $4.42 billion, a PE ratio of 14.95 and a beta of 1.02. The company’s 50 day moving average price is $51.21 and its 200-day moving average price is $53.53. Williams-Sonoma has a 1-year low of $47.33 and a 1-year high of $78.46.
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Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. Equities analysts predict that Williams-Sonoma will post $3.46 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
In other Williams-Sonoma news, CEO Laura Alber sold 80,000 shares of the firm’s stock in a transaction on 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 $16,375,073.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Janet Hayes sold 15,027 shares of the firm’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the sale, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Fiera Capital Corp boosted its position in shares of Williams-Sonoma by 2,173.7% in the second quarter. Fiera Capital Corp now owns 1,014,091 shares of the company’s stock worth $52,865,000 after buying an additional 969,491 shares in the last quarter. HS Management Partners LLC boosted its position in shares of Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock worth $162,248,000 after buying an additional 531,800 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Williams-Sonoma by 47.4% in the second quarter. Janus Capital Management LLC now owns 1,609,886 shares of the company’s stock worth $83,923,000 after buying an additional 517,949 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Williams-Sonoma by 13,195.9% in the second quarter. Glenmede Trust Co. NA now owns 452,860 shares of the company’s stock worth $23,606,000 after buying an additional 449,454 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in shares of Williams-Sonoma by 28.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,979,825 shares of the company’s stock worth $103,208,000 after buying an additional 441,900 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
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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