Williams-Sonoma, Inc. (WSM) Downgraded by Gordon Haskett
Gordon Haskett lowered shares of Williams-Sonoma, Inc. (NYSE:WSM) from a hold rating to a reduce rating in a research note issued to investors on Friday, MarketBeat reports.
WSM has been the subject of several other research reports. BTIG Research reissued a sell rating and issued a $41.00 target price on shares of Williams-Sonoma in a research note on Monday, August 21st. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $58.00 target price for the company in a research note on Thursday, October 12th. Deutsche Bank AG cut their target price on shares of Williams-Sonoma from $52.00 to $50.00 and set a hold rating for the company in a research note on Thursday, August 24th. Goldman Sachs Group, Inc. (The) 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. Finally, 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. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $52.01.
Williams-Sonoma (NYSE WSM) opened at $46.62 on Friday. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The firm has a market cap of $3,900.00, a PE ratio of 13.04, a P/E/G ratio of 0.99 and a beta of 0.91.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts anticipate that Williams-Sonoma will post 3.56 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is presently 44.19%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Williams-Sonoma by 4.9% in the 2nd quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock worth $464,276,000 after acquiring an additional 444,339 shares during the period. Blackhill Capital Inc. boosted its stake in shares of Williams-Sonoma by 0.5% during the 3rd quarter. Blackhill Capital Inc. now owns 4,047,901 shares of the specialty retailer’s stock valued at $201,828,000 after buying an additional 21,035 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Williams-Sonoma by 1,109.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock valued at $170,595,000 after buying an additional 3,226,625 shares during the last quarter. State Street Corp boosted its stake in shares of Williams-Sonoma by 0.9% during the 2nd quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock valued at $157,297,000 after buying an additional 28,837 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Williams-Sonoma by 115.4% during the 2nd quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after buying an additional 1,435,014 shares during the last quarter. Hedge funds and other institutional investors own 99.33% 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.
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