Williams-Sonoma, Inc. (NYSE:WSM – Get Free Report) declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.76 per share by the specialty retailer on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, July 17th.
Williams-Sonoma has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 20 years. Williams-Sonoma has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Williams-Sonoma to earn $10.18 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 25.9%.
Williams-Sonoma Trading Up 5.6%
Shares of WSM stock opened at $218.62 on Friday. The business’s fifty day simple moving average is $190.93 and its 200-day simple moving average is $193.50. The company has a market cap of $25.74 billion, a PE ratio of 24.48, a PEG ratio of 2.44 and a beta of 1.51. Williams-Sonoma has a 12-month low of $152.20 and a 12-month high of $222.00.
Wall Street Analyst Weigh In
WSM has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $190.00 price target on Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. TD Cowen reduced their price target on Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. The Goldman Sachs Group raised Williams-Sonoma from a “neutral” rating to a “buy” rating and upped their price target for the stock from $185.00 to $218.00 in a research report on Monday, April 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Williams-Sonoma in a research report on Friday, May 22nd. Finally, Morgan Stanley set a $210.00 price target on Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.06.
Check Out Our Latest Stock Analysis on WSM
Williams-Sonoma Company Profile
Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.
The company operates a portfolio of consumer brands that target distinct segments of the home market.
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