Williams-Sonoma, Inc. (WSM) Cut to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Williams-Sonoma, Inc. (NYSE:WSM) from a buy rating to a sell rating in a research report report published on Wednesday morning.
According to Zacks, “Williams-Sonoma has been reporting soft comparable brand revenues for sometime now due to soft retail environment and cautious consumer spending pattern. Pottery Barn, the company’s largest brand, has struggled in fiscal 2016 and early in 2017. Although the company has been working hard on the repositioning of the brand and has developed initiatives to implement across all areas of the business from product to value to marketing, we wait for better visibility. Moreover, continued e-commerce and supply chain investments weigh on operating margins. Meanwhile, although shares of Williams-Sonoma have outperformed its industry so far this year, the trend in current-year earnings estimate revisions is not satisfactory as it remained stable over the past 30 days.”
Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Williams-Sonoma from a c+ rating to a b- rating in a research note on Monday, October 9th. The Goldman Sachs Group, Inc. dropped their price objective on shares of Williams-Sonoma from $58.00 to $57.00 and set a buy rating for the company in a research note on Thursday, August 24th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $62.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, October 17th. Morgan Stanley dropped their price objective on shares of Williams-Sonoma from $50.00 to $48.00 and set an equal weight rating for the company in a research note on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Williams-Sonoma in a research note on Thursday, August 24th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. Williams-Sonoma presently has a consensus rating of Hold and an average price target of $51.49.
Shares of Williams-Sonoma (NYSE WSM) opened at $45.78 on Wednesday. The company has a market cap of $4,500.00, a PE ratio of 14.88, a PEG ratio of 1.10 and a beta of 0.91. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. analysts anticipate that Williams-Sonoma will post 3.59 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.41%. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
Hedge funds have recently modified their holdings of the company. Ffcm LLC acquired a new position in shares of Williams-Sonoma in the 3rd quarter worth approximately $125,000. Alpha Omega Wealth Management LLC lifted its holdings in shares of Williams-Sonoma by 828.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 2,485 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Williams-Sonoma by 10.4% during the 2nd 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 in the last quarter. IFP Advisors Inc lifted its holdings in Williams-Sonoma by 39.8% during the 2nd quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 838 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Williams-Sonoma by 7.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock worth $182,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.
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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