Brokerages Anticipate Williams-Sonoma, Inc. (NYSE:WSM) Will Post Earnings of $4.74 Per Share

Analysts forecast that Williams-Sonoma, Inc. (NYSE:WSM) will announce earnings per share (EPS) of $4.74 for the current quarter, according to Zacks. Six analysts have issued estimates for Williams-Sonoma’s earnings, with the lowest EPS estimate coming in at $4.20 and the highest estimate coming in at $4.90. Williams-Sonoma reported earnings of $3.95 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The business is expected to announce its next quarterly earnings results on Wednesday, March 16th.

According to Zacks, analysts expect that Williams-Sonoma will report full year earnings of $14.10 per share for the current financial year, with EPS estimates ranging from $13.32 to $14.36. For the next financial year, analysts expect that the company will report earnings of $13.71 per share, with EPS estimates ranging from $7.83 to $15.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, November 18th. The specialty retailer reported $3.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.14 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.98 billion. Williams-Sonoma had a net margin of 12.70% and a return on equity of 65.88%. Williams-Sonoma’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.56 earnings per share.

Several equities research analysts have weighed in on WSM shares. Loop Capital raised their target price on shares of Williams-Sonoma from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, November 19th. JPMorgan Chase & Co. lowered their target price on shares of Williams-Sonoma from $200.00 to $191.00 and set an “underweight” rating for the company in a research note on Friday, November 19th. UBS Group raised their target price on shares of Williams-Sonoma from $115.00 to $141.00 and gave the company a “sell” rating in a research note on Thursday, August 26th. Citigroup raised their target price on shares of Williams-Sonoma from $213.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, November 19th. Finally, Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $226.00 price objective for the company in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $188.35.

WSM traded down $1.69 during trading on Thursday, hitting $209.81. The stock had a trading volume of 668,195 shares, compared to its average volume of 1,146,208. The company has a market capitalization of $15.60 billion, a PE ratio of 16.69, a PEG ratio of 1.80 and a beta of 1.61. Williams-Sonoma has a twelve month low of $98.75 and a twelve month high of $223.32. The stock has a 50 day simple moving average of $191.37 and a two-hundred day simple moving average of $174.63.

In other Williams-Sonoma news, insider Marta Benson sold 2,798 shares of Williams-Sonoma stock in a transaction on Thursday, October 7th. The shares were sold at an average price of $172.08, for a total value of $481,479.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction dated Friday, November 12th. The stock was sold at an average price of $208.71, for a total transaction of $3,130,650.00. The disclosure for this sale can be found here. Insiders have sold 55,488 shares of company stock valued at $10,375,864 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in WSM. Marshall Wace North America L.P. purchased a new stake in shares of Williams-Sonoma during the first quarter worth about $56,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of Williams-Sonoma by 5.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 37,903 shares of the specialty retailer’s stock worth $2,133,000 after purchasing an additional 1,839 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Williams-Sonoma during the first quarter worth about $344,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Williams-Sonoma during the first quarter worth about $225,000. Finally, Morgan Stanley increased its stake in shares of Williams-Sonoma by 20.6% during the first quarter. Morgan Stanley now owns 386,284 shares of the specialty retailer’s stock worth $69,223,000 after purchasing an additional 66,041 shares in the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

About Williams-Sonoma

Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.

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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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