Jefferies Group LLC Reaffirms Hold Rating for Williams-Sonoma, Inc. (WSM)
Williams-Sonoma, Inc. (NYSE:WSM)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report issued on Sunday. Jefferies Group also issued estimates for Williams-Sonoma’s Q4 2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.87 EPS and Q4 2019 earnings at $1.82 EPS.
A number of other research analysts have also commented on WSM. BidaskClub lowered shares of Williams-Sonoma from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, August 8th. Loop Capital reaffirmed a “hold” rating and set a $54.00 price objective on shares of Williams-Sonoma in a research report on Monday, August 21st. BTIG Research reaffirmed a “sell” rating and set a $41.00 price objective on shares of Williams-Sonoma in a research report on Monday, August 21st. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $40.00 price objective (down previously from $44.00) on shares of Williams-Sonoma in a research report on Wednesday, August 23rd. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $52.01.
Williams-Sonoma (NYSE WSM) opened at $45.78 on Friday. The firm has a market cap of $3,925.82, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.98 and a beta of 0.91. Williams-Sonoma has a 52-week low of $42.68 and a 52-week high of $56.94.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a net margin of 5.49% and a return on equity of 24.23%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. equities research analysts anticipate that Williams-Sonoma will post 3.56 earnings per share for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in WSM. Janus Henderson Group PLC grew its stake in shares of Williams-Sonoma by 1,109.6% during the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock valued at $170,595,000 after purchasing an additional 3,226,625 shares during the last quarter. FMR LLC grew its stake in shares of Williams-Sonoma by 115.4% during the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after purchasing an additional 1,435,014 shares during the last quarter. Kiltearn Partners LLP bought a new stake in shares of Williams-Sonoma during the second quarter valued at approximately $38,846,000. American Century Companies Inc. grew its stake in shares of Williams-Sonoma by 411.0% during the third quarter. American Century Companies Inc. now owns 638,825 shares of the specialty retailer’s stock valued at $31,852,000 after purchasing an additional 513,822 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Williams-Sonoma by 369.9% during the second quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock valued at $30,323,000 after purchasing an additional 492,159 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.
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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