Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at William Blair raised their FY2018 EPS estimates for Williams-Sonoma in a research report issued on Friday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings per share of $3.58 for the year, up from their previous estimate of $3.55. William Blair also issued estimates for Williams-Sonoma’s Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $1.83 EPS and FY2019 earnings at $3.83 EPS.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company posted $0.58 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year.
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WSM has been the subject of several other research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research note on Thursday, May 25th. ValuEngine lowered Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BTIG Research reissued a “sell” rating and set a $41.00 price objective on shares of Williams-Sonoma in a research note on Monday, August 21st. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and a consensus price target of $51.65.
Williams-Sonoma (WSM) traded down 0.49% during midday trading on Monday, hitting $48.40. 140,051 shares of the stock were exchanged. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.94. The company has a market capitalization of $4.12 billion, a P/E ratio of 13.90 and a beta of 0.85. The company’s 50 day moving average is $46.17 and its 200 day moving average is $48.80.
Institutional investors have recently bought and sold shares of the business. First Interstate Bank grew its stake in Williams-Sonoma by 12.5% during the 1st quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after purchasing an additional 250 shares during the last quarter. Invictus RG purchased a new stake in shares of Williams-Sonoma in the first quarter worth about $122,000. Foresters Investment Management Company Inc. purchased a new stake in shares of Williams-Sonoma in the first quarter worth about $134,000. Alpha Omega Wealth Management LLC boosted 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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. Institutional investors and hedge funds own 97.89% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.21%. Williams-Sonoma’s payout ratio is presently 44.96%.
Williams-Sonoma Company Profile
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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