Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at William Blair lifted their FY2019 earnings per share (EPS) estimates for shares of Williams-Sonoma in a research note issued to investors on Thursday. William Blair analyst D. Hofkin now anticipates that the specialty retailer will earn $4.18 per share for the year, up from their prior estimate of $3.70.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 earnings per share.
Other equities analysts have also issued reports about the company. Credit Suisse Group set a $48.00 price objective on Williams-Sonoma and gave the stock an “underperform” rating in a research note on Thursday, March 15th. BTIG Research lifted their price objective on Williams-Sonoma to $47.00 and gave the stock a “sell” rating in a research note on Thursday, March 15th. Loop Capital lifted their price objective on Williams-Sonoma to $55.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. Barclays set a $45.00 price objective on Williams-Sonoma and gave the stock a “sell” rating in a research note on Thursday, March 15th. Finally, Moffett Nathanson began coverage on Williams-Sonoma in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.21.
Williams-Sonoma stock traded down $0.75 during trading on Monday, hitting $53.15. The company had a trading volume of 1,175,029 shares, compared to its average volume of 1,729,405. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 1.62. The firm has a market capitalization of $4,656.57, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.02 and a beta of 0.82. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.38.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blackhill Capital Inc. increased its holdings in shares of Williams-Sonoma by 0.3% during the fourth quarter. Blackhill Capital Inc. now owns 4,061,332 shares of the specialty retailer’s stock valued at $209,971,000 after acquiring an additional 13,431 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Williams-Sonoma by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,515,793 shares of the specialty retailer’s stock valued at $130,067,000 after acquiring an additional 50,750 shares in the last quarter. Kiltearn Partners LLP increased its holdings in shares of Williams-Sonoma by 1.7% during the fourth quarter. Kiltearn Partners LLP now owns 1,185,347 shares of the specialty retailer’s stock valued at $61,282,000 after acquiring an additional 20,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Williams-Sonoma by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,180,182 shares of the specialty retailer’s stock valued at $58,847,000 after acquiring an additional 50,456 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Williams-Sonoma by 124.1% during the fourth quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock valued at $44,807,000 after acquiring an additional 576,300 shares in the last quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, April 27th will be issued a dividend of $0.43 per share. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, April 26th. This represents a $1.72 annualized dividend and a dividend yield of 3.24%. Williams-Sonoma’s payout ratio is currently 51.49%.
Williams-Sonoma announced that its board has approved a stock buyback plan on Wednesday, March 14th that permits the company to buyback $286.00 million in shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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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