Williams-Sonoma (WSM) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Williams-Sonoma (NYSE:WSM) issued its earnings results on Tuesday. The specialty retailer reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.07, RTT News reports. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share.

Shares of Williams-Sonoma (NYSE:WSM) traded up $0.96 during mid-day trading on Wednesday, reaching $53.70. 4,398,792 shares of the company’s stock were exchanged, compared to its average volume of 1,599,846. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $55.89. The stock has a market capitalization of $4,381.32, a PE ratio of 15.24, a P/E/G ratio of 1.31 and a beta of 0.82.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be issued a dividend of $0.43 per share. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a yield of 3.20%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.

Several research analysts have recently weighed in on the stock. Jefferies Group reissued a “hold” rating on shares of Williams-Sonoma in a report on Sunday, November 19th. Moffett Nathanson assumed coverage on shares of Williams-Sonoma in a report on Monday, December 4th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Oppenheimer reissued a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Finally, Goldman Sachs Group cut shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a report on Tuesday, January 16th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.20.

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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 for Williams-Sonoma (NYSE:WSM)

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