Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $50.00 target price on the stock in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Williams-Sonoma from $58.00 to $57.00 and set a buy rating on the stock in a research report on Thursday, August 24th. Morgan Stanley lowered their price objective on shares of Williams-Sonoma from $50.00 to $48.00 and set an equal weight rating on the stock in a research report on Thursday, August 24th. BidaskClub raised shares of Williams-Sonoma from a sell rating to a hold rating in a research report on Saturday, July 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Williams-Sonoma in a research report on Thursday, August 24th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $52.10.
Williams-Sonoma (NYSE WSM) opened at 48.89 on Monday. The company’s 50-day moving average is $48.53 and its 200 day moving average is $48.98. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.94. The stock has a market capitalization of $4.16 billion, a PE ratio of 14.04 and a beta of 0.85.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. On average, analysts predict that Williams-Sonoma will post $3.59 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.thestockobserver.com/2017/10/13/williams-sonoma-inc-wsm-raised-to-b-at-thestreet.html.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.96%.
Institutional investors have recently modified their holdings of the company. Invictus RG acquired a new stake in shares of Williams-Sonoma in the first quarter worth $122,000. Foresters Investment Management Company Inc. acquired a new stake in shares of Williams-Sonoma in the first quarter worth $134,000. Alpha Omega Wealth Management LLC lifted its stake in shares of Williams-Sonoma by 828.3% in the second quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock worth $135,000 after buying an additional 2,485 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Williams-Sonoma by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after buying an additional 274 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Williams-Sonoma by 39.8% in the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 838 shares during the last quarter. Institutional investors and hedge funds own 97.89% of the company’s stock.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.