Williams-Sonoma, Inc. (NYSE:WSM) – Wedbush upped their FY2019 earnings estimates for Williams-Sonoma in a note issued to investors on Thursday. Wedbush analyst S. Basham now forecasts that the specialty retailer will earn $4.07 per share for the year, up from their prior estimate of $3.68.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, hitting the Zacks’ 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 analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.

WSM has been the subject of a number of other reports. 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. Credit Suisse Group lowered shares of Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price target for the company. in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “sell” rating in a research report on Wednesday, November 15th. SunTrust Banks reissued a “buy” rating and set a $62.00 price target on shares of Williams-Sonoma in a research report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. lowered shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price target for the company. in a research report on Friday, November 17th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $51.25.

Williams-Sonoma (NYSE:WSM) traded up $1.04 during trading hours on Monday, reaching $55.49. 1,302,700 shares of the company were exchanged, compared to its average volume of 1,209,311. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $55.89. The stock has a market capitalization of $4,670.00, a price-to-earnings ratio of 15.72, a PEG ratio of 1.61 and a beta of 0.89.

Institutional investors have recently made changes to their positions in the stock. Ffcm LLC purchased a new position in shares of Williams-Sonoma in the 3rd quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Williams-Sonoma by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 274 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Williams-Sonoma in the 2nd quarter valued at approximately $182,000. High Falls Advisors Inc raised its position in shares of Williams-Sonoma by 7.7% in the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after purchasing an additional 312 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new position in shares of Williams-Sonoma in the 3rd quarter valued at approximately $229,000.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 24th. Williams-Sonoma’s 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.

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

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