$1.29 Billion in Sales Expected for Williams-Sonoma, Inc. (WSM) This Quarter
Wall Street analysts predict that Williams-Sonoma, Inc. (NYSE:WSM) will announce $1.29 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Williams-Sonoma’s earnings. The lowest sales estimate is $1.27 billion and the highest is $1.30 billion. Williams-Sonoma posted sales of $1.25 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The business is expected to report its next earnings report on Thursday, November 16th.
On average, analysts expect that Williams-Sonoma will report full-year sales of $1.29 billion for the current fiscal year, with estimates ranging from $5.22 billion to $5.27 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.43 billion per share, with estimates ranging from $5.32 billion to $5.52 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Williams-Sonoma.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis.
Several analysts have recently commented on WSM shares. Buckingham Research reduced their target price on Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, August 24th. Credit Suisse Group set a $44.00 target price on Williams-Sonoma and gave the company a “hold” rating in a research note on Thursday, August 24th. Royal Bank Of Canada raised their target price on Williams-Sonoma from $49.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 24th. Bank of America Corporation restated an “underperform” rating and issued a $40.00 target price (down from $44.00) on shares of Williams-Sonoma in a research note on Wednesday, August 23rd. Finally, BidaskClub downgraded Williams-Sonoma from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.18.
Williams-Sonoma (WSM) opened at 49.88 on Tuesday. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.94. The firm has a 50-day moving average price of $48.77 and a 200-day moving average price of $48.97. The firm has a market capitalization of $4.24 billion, a PE ratio of 14.33 and a beta of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.13%. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Williams-Sonoma by 4.9% during the 2nd quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock worth $464,276,000 after buying an additional 444,339 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Williams-Sonoma by 8.3% during the 1st 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. Blackhill Capital Inc. lifted its position in shares of Williams-Sonoma by 0.7% during the 2nd quarter. Blackhill Capital Inc. now owns 4,026,866 shares of the specialty retailer’s stock worth $195,303,000 after buying an additional 29,065 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Williams-Sonoma by 1,109.6% during the 2nd 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. Finally, State Street Corp lifted its position in shares of Williams-Sonoma by 0.9% during the 2nd quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock worth $157,297,000 after buying an additional 28,837 shares in the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.
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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