SunTrust Banks Equities Analysts Increase Earnings Estimates for Williams-Sonoma, Inc. (WSM)
Williams-Sonoma, Inc. (NYSE:WSM) – Analysts at SunTrust Banks boosted their FY2019 EPS estimates for shares of Williams-Sonoma in a research report issued on Wednesday. SunTrust Banks analyst D. Magee now expects that the specialty retailer will post earnings of $3.95 per share for the year, up from their prior forecast of $3.90.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS.
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WSM has been the topic of a number of other reports. Robert W. Baird cut shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 31st. Gordon Haskett assumed coverage on shares of Williams-Sonoma in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $61.00 target price on the stock. William Blair cut shares of Williams-Sonoma from an “outperform” rating to a “market perform” rating in a report on Thursday, March 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.11.
Williams-Sonoma (NYSE:WSM) traded down 0.417% during mid-day trading on Friday, hitting $48.915. 1,684,399 shares of the stock traded hands. The stock has a market cap of $4.25 billion, a PE ratio of 14.345 and a beta of 0.97. The company has a 50 day moving average of $52.97 and a 200-day moving average of $51.08. Williams-Sonoma has a 12-month low of $45.96 and a 12-month high of $57.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 28th will be paid a $0.39 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, April 26th. This represents a $1.56 annualized dividend and a yield of 3.18%. Williams-Sonoma’s payout ratio is presently 44.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after buying an additional 9,047,189 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after buying an additional 506,305 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Williams-Sonoma by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 3,798,275 shares of the specialty retailer’s stock valued at $203,663,000 after buying an additional 484,775 shares during the last quarter. State Street Corp increased its position in shares of Williams-Sonoma by 1.0% in the first quarter. State Street Corp now owns 3,214,321 shares of the specialty retailer’s stock valued at $172,352,000 after buying an additional 31,557 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Williams-Sonoma by 2.8% in the first quarter. Janus Capital Management LLC now owns 3,074,679 shares of the specialty retailer’s stock valued at $164,864,000 after buying an additional 82,454 shares during the last quarter. 98.01% of the stock is owned by hedge funds and other institutional investors.
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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