Moffett Nathanson initiated coverage on shares of Williams-Sonoma (NYSE:WSM) in a report issued on Monday, Marketbeat reports. The brokerage issued a neutral rating on the specialty retailer’s stock.
Other research analysts have also issued reports about the stock. Oppenheimer reiterated a hold rating on shares of Williams-Sonoma in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Wednesday, August 16th. Guggenheim restated a neutral rating on shares of Williams-Sonoma in a research report on Thursday, August 24th. J P Morgan Chase & Co restated an overweight rating and set a $60.00 price target (down from $64.00) on shares of Williams-Sonoma in a research report on Thursday, August 24th. Finally, Jefferies Group restated a hold rating on shares of Williams-Sonoma in a research report on Sunday, November 19th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company. Williams-Sonoma currently has a consensus rating of Hold and a consensus price target of $51.39.
Williams-Sonoma (WSM) opened at $53.44 on Monday. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The firm has a market cap of $4,582.93, a P/E ratio of 15.46, a P/E/G ratio of 2.02 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.78 EPS. Williams-Sonoma’s revenue was up 4.3% compared to the same quarter last year. analysts expect that Williams-Sonoma will post 3.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is presently 44.19%.
A number of institutional investors have recently bought and sold shares of WSM. Vision Capital Management Inc. raised its stake in shares of Williams-Sonoma by 0.3% during the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock valued at $902,000 after acquiring an additional 47 shares during the last quarter. US Bancorp DE raised its stake in shares of Williams-Sonoma by 0.4% during the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock valued at $1,033,000 after acquiring an additional 82 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Williams-Sonoma by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 48,421 shares of the specialty retailer’s stock valued at $2,346,000 after acquiring an additional 158 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Williams-Sonoma by 1.9% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,192 shares of the specialty retailer’s stock valued at $740,000 after acquiring an additional 264 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Williams-Sonoma by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after acquiring an additional 274 shares during the last quarter. 96.62% of the stock is owned by institutional investors and hedge funds.
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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.
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