Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) declared a quarterly dividend on Thursday, March 16th, Zacks reports. Investors of record on Friday, April 21st will be paid a dividend of 0.90 per share by the specialty retailer on Friday, May 26th. This represents a $3.60 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, April 20th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.78.
Williams-Sonoma has raised its dividend by an average of 17.6% annually over the last three years and has raised its dividend every year for the last 16 years. Williams-Sonoma has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Williams-Sonoma to earn $13.77 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 22.7%.
Williams-Sonoma Trading Down 2.6 %
Shares of WSM opened at $116.86 on Friday. The business’s 50-day moving average price is $126.71 and its 200 day moving average price is $125.28. The stock has a market capitalization of $7.78 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.88 and a beta of 1.62. Williams-Sonoma has a 1-year low of $101.58 and a 1-year high of $176.89.
Analyst Ratings Changes
Several equities analysts have weighed in on WSM shares. Telsey Advisory Group lowered their target price on Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating on the stock in a research note on Tuesday. Bank of America lowered their target price on Williams-Sonoma from $114.00 to $108.00 in a research note on Friday. Cowen lowered their target price on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, November 18th. Robert W. Baird lowered their target price on Williams-Sonoma from $140.00 to $130.00 in a research note on Friday. Finally, Morgan Stanley cut Williams-Sonoma from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $150.00 to $100.00 in a research note on Monday, November 28th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $127.47.
Institutional Investors Weigh In On Williams-Sonoma
Several institutional investors have recently made changes to their positions in WSM. Norges Bank acquired a new stake in Williams-Sonoma in the 4th quarter worth approximately $55,499,000. First Trust Advisors LP lifted its holdings in Williams-Sonoma by 24.1% in the 1st quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after purchasing an additional 273,424 shares during the last quarter. Morgan Stanley lifted its holdings in Williams-Sonoma by 35.4% in the 4th quarter. Morgan Stanley now owns 815,713 shares of the specialty retailer’s stock worth $93,742,000 after purchasing an additional 213,398 shares during the last quarter. Millennium Management LLC lifted its holdings in Williams-Sonoma by 294.0% in the 4th quarter. Millennium Management LLC now owns 262,866 shares of the specialty retailer’s stock worth $30,209,000 after purchasing an additional 196,152 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Williams-Sonoma by 36.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 640,563 shares of the specialty retailer’s stock worth $71,071,000 after purchasing an additional 170,511 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.
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