Williams-Sonoma, Inc. (NYSE:WSM) Receives Average Rating of “Hold” from Brokerages
Shares of Williams-Sonoma, Inc. (NYSE:WSM) have been assigned an average rating of “Hold” from the twenty-five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $56.79.
A number of brokerages have recently issued reports on WSM. BidaskClub upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. SunTrust Banks, Inc. set a $62.00 price target on shares of Williams-Sonoma and gave the stock a “buy” rating in a research note on Saturday, June 10th. ValuEngine downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. CIBC reissued a “hold” rating on shares of Williams-Sonoma in a research note on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, May 25th.
Williams-Sonoma (NYSE WSM) traded down 1.80% during trading on Friday, reaching $46.96. 278,380 shares of the company’s stock were exchanged. Williams-Sonoma has a 1-year low of $45.68 and a 1-year high of $57.40. The company’s 50-day moving average is $48.68 and its 200-day moving average is $50.14. The company has a market capitalization of $4.07 billion, a PE ratio of 13.68 and a beta of 0.90.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Williams-Sonoma will post $3.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 21st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is 45.35%.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock worth $489,461,000 after buying an additional 9,047,189 shares during the last quarter. Norges Bank bought a new stake in Williams-Sonoma during the fourth quarter worth $36,265,000. BTIM Corp. bought a new stake in Williams-Sonoma during the first quarter worth $29,472,000. Vanguard Group Inc. increased its stake in Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after buying an additional 506,305 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 worth $203,663,000 after buying an additional 484,775 shares during the last quarter. 97.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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