BidaskClub cut shares of Williams-Sonoma, Inc. (NYSE:WSM) from a sell rating to a strong sell rating in a research note published on Friday morning.

Several other research analysts have also issued reports on the company. J P Morgan Chase & Co increased their target price on Williams-Sonoma from $60.00 to $64.00 and gave the stock an overweight rating in a research report on Monday, April 3rd. Gordon Haskett started coverage on Williams-Sonoma in a research report on Tuesday, May 9th. They issued an accumulate rating and a $61.00 target price for the company. Credit Suisse Group reissued a hold rating and issued a $44.00 target price on shares of Williams-Sonoma in a research report on Tuesday, May 23rd. Jefferies Group LLC reissued a hold rating and issued a $54.00 target price on shares of Williams-Sonoma in a research report on Thursday, May 25th. Finally, Telsey Advisory Group increased their target price on Williams-Sonoma from $51.00 to $57.00 and gave the stock a market perform rating in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company. Williams-Sonoma currently has a consensus rating of Hold and an average target price of $56.82.

Shares of Williams-Sonoma (NYSE:WSM) opened at 46.43 on Friday. Williams-Sonoma has a 12-month low of $43.96 and a 12-month high of $57.40. The stock’s 50 day moving average price is $46.91 and its 200 day moving average price is $49.35. The company has a market cap of $4.02 billion, a P/E ratio of 13.52 and a beta of 0.90.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Williams-Sonoma will post $3.56 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.36%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 45.35%.

Several institutional investors have recently added to or reduced their stakes in WSM. Retirement Systems of Alabama increased its position in Williams-Sonoma by 97.7% in the second quarter. Retirement Systems of Alabama now owns 206,254 shares of the specialty retailer’s stock worth $10,003,000 after buying an additional 101,918 shares during the period. IFP Advisors Inc increased its position in Williams-Sonoma by 39.8% in the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 838 shares during the period. Grace & White Inc. NY increased its position in Williams-Sonoma by 1.9% in the second quarter. Grace & White Inc. NY now owns 47,900 shares of the specialty retailer’s stock worth $2,323,000 after buying an additional 900 shares during the period. Ironwood Investment Management LLC increased its position in Williams-Sonoma by 63.4% in the second quarter. Ironwood Investment Management LLC now owns 9,761 shares of the specialty retailer’s stock worth $473,000 after buying an additional 3,788 shares during the period. Finally, Speece Thorson Capital Group Inc. increased its position in Williams-Sonoma by 23.9% in the second quarter. Speece Thorson Capital Group Inc. now owns 266,308 shares of the specialty retailer’s stock worth $12,916,000 after buying an additional 51,290 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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