Williams-Sonoma, Inc. (WSM) Expected to Announce Quarterly Sales of $1.20 Billion
Equities research analysts forecast that Williams-Sonoma, Inc. (NYSE:WSM) will post sales of $1.20 billion for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Williams-Sonoma’s earnings, with the lowest sales estimate coming in at $1.19 billion and the highest estimate coming in at $1.21 billion. Williams-Sonoma reported sales of $1.16 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.4%. The business is scheduled to issue its next earnings report on Wednesday, August 23rd.
On average, analysts expect that Williams-Sonoma will report full year sales of $1.20 billion for the current year, with estimates ranging from $5.20 billion to $5.25 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.42 billion per share, with estimates ranging from $5.31 billion to $5.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Williams-Sonoma.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, topping the Zacks’ 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.
A number of research analysts recently weighed in on the stock. J P Morgan Chase & Co lifted their price objective 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. 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 price objective for the company. ValuEngine upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Credit Suisse Group restated a “hold” rating and issued a $44.00 price objective on shares of Williams-Sonoma in a report on Tuesday, May 23rd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.01.
Shares of Williams-Sonoma (NYSE WSM) traded up 1.82% during midday trading on Thursday, hitting $46.48. 533,260 shares of the stock traded hands. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 13.54 and a beta of 0.90. The stock has a 50-day moving average of $48.68 and a 200-day moving average of $50.14. Williams-Sonoma has a 52-week low of $45.68 and a 52-week high of $57.40.
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 $0.39 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $1.56 annualized dividend and a yield of 3.42%. Williams-Sonoma’s dividend payout ratio (DPR) is 45.35%.
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Williams-Sonoma by 39.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 802,884 shares of the specialty retailer’s stock valued at $38,851,000 after buying an additional 225,680 shares during the period. FMR LLC increased its stake in Williams-Sonoma by 15.2% in the fourth quarter. FMR LLC now owns 1,263,109 shares of the specialty retailer’s stock valued at $61,121,000 after buying an additional 166,968 shares during the period. GSA Capital Partners LLP acquired a new stake in Williams-Sonoma during the fourth quarter valued at approximately $440,000. Franklin Resources Inc. acquired a new stake in Williams-Sonoma during the fourth quarter valued at approximately $123,000. Finally, Guggenheim Capital LLC increased its stake in Williams-Sonoma by 72.8% in the fourth quarter. Guggenheim Capital LLC now owns 45,368 shares of the specialty retailer’s stock valued at $2,195,000 after buying an additional 19,109 shares during the period. Hedge funds and other institutional investors own 97.55% 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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