Williams-Sonoma, Inc. (WSM) Rating Lowered to Sell at BidaskClub
Williams-Sonoma, Inc. (NYSE:WSM) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Other equities research analysts also recently issued reports about the stock. Gordon Haskett started coverage on shares of Williams-Sonoma in a research report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price target for the company. Instinet reiterated a “buy” rating and set a $65.00 price target on shares of Williams-Sonoma in a research report on Tuesday, March 14th. ValuEngine upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. SunTrust Banks, Inc. set a $62.00 price target on shares of Williams-Sonoma and gave the company a “buy” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $54.00 price target on shares of Williams-Sonoma in a research report on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.01.
Shares of Williams-Sonoma (NYSE WSM) traded up 0.245% during trading on Wednesday, hitting $47.005. The company’s stock had a trading volume of 849,499 shares. Williams-Sonoma has a one year low of $45.68 and a one year high of $57.40. The stock has a market cap of $4.07 billion, a PE ratio of 13.692 and a beta of 0.88. The company has a 50-day moving average price of $49.86 and a 200-day moving average price of $50.47.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a net margin of 3.56% and a return on equity of 12.91%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that Williams-Sonoma will post $3.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 annualized dividend and a yield of 3.33%. Williams-Sonoma’s payout ratio is currently 45.35%.
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Hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc boosted its stake in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank boosted its stake in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 250 shares during the last quarter. Invictus RG purchased a new stake in Williams-Sonoma during the first quarter valued at approximately $122,000. Finally, Foresters Investment Management Company Inc. purchased a new stake in Williams-Sonoma during the first quarter valued at approximately $134,000. 97.55% of the stock is 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.
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