Williams-Sonoma, Inc. (NYSE:WSM) has been assigned an average rating of “Hold” from the twenty-eight brokerages that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $50.00.
Several equities research analysts have recently commented on WSM shares. Zacks Investment Research downgraded Williams-Sonoma from a “buy” rating to a “sell” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. downgraded Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a report on Friday, November 17th. Credit Suisse Group downgraded Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a report on Thursday, October 12th. Bank of America cut their price target on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a report on Friday, November 17th. Finally, Morgan Stanley assumed coverage on Williams-Sonoma in a report on Friday, November 17th. They set a “hold” rating and a $48.00 price target for the company.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Williams-Sonoma by 34.8% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 115,720 shares of the specialty retailer’s stock worth $5,983,000 after buying an additional 29,850 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Williams-Sonoma by 85.7% during the fourth quarter. State of Alaska Department of Revenue now owns 12,570 shares of the specialty retailer’s stock worth $648,000 after buying an additional 5,800 shares in the last quarter. Smithbridge Asset Management Inc. DE lifted its holdings in shares of Williams-Sonoma by 8.3% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 52,720 shares of the specialty retailer’s stock worth $2,726,000 after buying an additional 4,025 shares in the last quarter. Cardinal Capital Management Inc. acquired a new stake in shares of Williams-Sonoma during the fourth quarter worth $548,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Williams-Sonoma by 5.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 448,832 shares of the specialty retailer’s stock worth $23,205,000 after buying an additional 24,987 shares in the last quarter. 96.62% of the stock is owned by institutional investors.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. equities research analysts anticipate that Williams-Sonoma will post 3.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio is currently 44.19%.
TRADEMARK VIOLATION WARNING: “Williams-Sonoma, Inc. (WSM) Receives Average Rating of “Hold” from Brokerages” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/23/williams-sonoma-inc-wsm-receives-average-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.