Williams-Sonoma, Inc. (WSM) Now Covered by Analysts at Stifel Nicolaus
Equities researchers at Stifel Nicolaus started coverage on shares of Williams-Sonoma, Inc. (NYSE:WSM) in a research report issued on Thursday, The Fly reports. The firm set a “hold” rating on the specialty retailer’s stock.
Other analysts have also issued reports about the company. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday. Credit Suisse Group downgraded Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 target price on the stock. in a research report on Thursday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, August 24th. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $60.00 target price (down previously from $64.00) on shares of Williams-Sonoma in a research report on Thursday, August 24th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and an average price target of $52.10.
Shares of Williams-Sonoma (WSM) traded down 3.57% during midday trading on Thursday, hitting $48.89. The company had a trading volume of 2,678,134 shares. The stock’s 50-day moving average price is $48.37 and its 200-day moving average price is $48.98. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 14.04 and a beta of 0.85. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $56.94.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. On average, equities research analysts forecast that Williams-Sonoma will post $3.59 EPS for the current year.
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Several large investors have recently made changes to their positions in WSM. BlackRock Inc. increased its holdings in shares of Williams-Sonoma by 11,148.3% during 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 in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Williams-Sonoma by 1,109.6% during the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after buying an additional 3,226,625 shares in the last quarter. FMR LLC increased its holdings in shares of Williams-Sonoma by 115.4% during the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after buying an additional 1,435,014 shares in the last quarter. Kiltearn Partners LLP acquired a new position in shares of Williams-Sonoma during the second quarter worth $38,846,000. Finally, Vanguard Group Inc. increased its holdings in shares of Williams-Sonoma by 8.3% during 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 in the last quarter. Institutional investors own 97.89% of the company’s stock.
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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