Williams-Sonoma, Inc. (WSM) Raised to “B-” at TheStreet

TheStreet upgraded shares of Williams-Sonoma, Inc. (NYSE:WSM) from a c+ rating to a b- rating in a research note released on Monday.

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.

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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.

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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