Wall Street analysts predict that Williams-Sonoma, Inc. (NYSE:WSM) will post sales of $1.65 billion for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Williams-Sonoma’s earnings, with the lowest sales estimate coming in at $1.63 billion and the highest estimate coming in at $1.66 billion. Williams-Sonoma reported sales of $1.58 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The firm is scheduled to report its next earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Williams-Sonoma will report full-year sales of $1.65 billion for the current financial year, with estimates ranging from $5.25 billion to $5.28 billion. For the next year, analysts expect that the firm will post sales of $5.49 billion per share, with estimates ranging from $5.40 billion to $5.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.78 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year.

Several analysts have recently issued reports on WSM shares. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “sell” rating in a research note on Wednesday, November 15th. Credit Suisse Group cut shares of Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research note on Thursday, October 12th. J P Morgan Chase & Co cut shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a research note on Friday, November 17th. Bank of America lowered their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, November 17th. Finally, Morgan Stanley started coverage on shares of Williams-Sonoma in a research note on Friday, November 17th. They set a “hold” rating and a $48.00 price objective for the company. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.39.

A number of hedge funds have recently modified their holdings of WSM. Janus Henderson Group PLC lifted its holdings in Williams-Sonoma by 1,109.6% in 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. FMR LLC lifted its holdings in Williams-Sonoma by 115.4% in the 2nd 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 Williams-Sonoma in the 2nd quarter worth $38,846,000. American Century Companies Inc. lifted its holdings in Williams-Sonoma by 411.0% in the 3rd quarter. American Century Companies Inc. now owns 638,825 shares of the specialty retailer’s stock worth $31,852,000 after buying an additional 513,822 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Williams-Sonoma by 369.9% in the 2nd quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock worth $30,323,000 after buying an additional 492,159 shares in the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.

Shares of Williams-Sonoma (WSM) opened at $50.90 on Wednesday. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $56.57. The stock has a market cap of $4,377.11, a price-to-earnings ratio of 14.81, a PEG ratio of 1.94 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were issued a $0.39 dividend. The ex-dividend date was Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.06%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.

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About Williams-Sonoma

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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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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