Williams-Sonoma, Inc. to Issue Quarterly Dividend of $0.39 (WSM)
Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Friday, September 15th, RTT News reports. Investors of record on Friday, October 27th will be paid a dividend of 0.39 per share by the specialty retailer on Wednesday, November 22nd. This represents a $1.56 annualized dividend and a yield of 3.18%.
Williams-Sonoma has increased its dividend by an average of 8.3% per year over the last three years and has increased its dividend every year for the last 7 years. Williams-Sonoma has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Williams-Sonoma to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 40.7%.
Shares of Williams-Sonoma (WSM) traded up 1.32% on Friday, reaching $49.09. The company had a trading volume of 1,891,167 shares. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $56.94. The firm has a market capitalization of $4.18 billion, a P/E ratio of 14.10 and a beta of 0.85. The company’s 50-day moving average price is $46.03 and its 200 day moving average price is $48.83.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that Williams-Sonoma will post $3.59 EPS for the current year.
Several research firms have weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a research report on Saturday, June 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, August 16th. Guggenheim reiterated a “neutral” rating on shares of Williams-Sonoma in a research report on Thursday, August 24th. Finally, Telsey Advisory Group lifted their price objective on shares of Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, May 25th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.65.
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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