Williams-Sonoma, Inc. (WSM) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Williams-Sonoma, Inc. (NYSE:WSM) posted its quarterly earnings results on Tuesday. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02, Briefing.com reports. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share.
Shares of Williams-Sonoma (NYSE WSM) traded up 1.28% during midday trading on Wednesday, reaching $43.40. The company had a trading volume of 5,050,733 shares. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $57.40. The stock has a market capitalization of $3.76 billion, a PE ratio of 12.64 and a beta of 0.89. The stock’s 50 day moving average is $45.57 and its 200-day moving average is $48.97.
The company also recently announced 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is presently 45.35%.
Several equities analysts recently issued reports on WSM shares. Bank of America Corporation reiterated an “underperform” rating and issued a $40.00 price target (down previously from $44.00) on shares of Williams-Sonoma in a report on Wednesday. BidaskClub upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine upgraded Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, August 8th. Finally, Telsey Advisory Group raised their target price on Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $55.27.
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.
Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.