Williams-Sonoma, Inc. (WSM) Receives $51.82 Consensus Price Target from Brokerages
Williams-Sonoma, Inc. (NYSE:WSM) has received an average rating of “Hold” from the twenty-eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $51.82.
Several research analysts have recently commented on WSM shares. CIBC reissued a “hold” rating on shares of Williams-Sonoma in a report on Friday, May 26th. ValuEngine lowered Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. BidaskClub raised Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, August 8th.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Williams-Sonoma by 4.9% in the second quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock valued at $464,276,000 after purchasing an additional 444,339 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Williams-Sonoma by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after acquiring an additional 506,305 shares in the last quarter. Blackhill Capital Inc. raised its holdings in shares of Williams-Sonoma by 0.7% during the second quarter. Blackhill Capital Inc. now owns 4,026,866 shares of the specialty retailer’s stock valued at $195,303,000 after acquiring an additional 29,065 shares in the last quarter. Janus Henderson Group PLC raised its holdings 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 acquiring an additional 3,226,625 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Williams-Sonoma by 0.9% during the second quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock valued at $157,297,000 after acquiring an additional 28,837 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
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Shares of Williams-Sonoma (WSM) traded up 0.36% during midday trading on Wednesday, reaching $46.78. 1,030,858 shares of the company’s stock were exchanged. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $56.94. The firm has a 50 day moving average price of $46.22 and a 200 day moving average price of $48.79. The company has a market cap of $3.98 billion, a P/E ratio of 13.43 and a beta of 0.85.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. Equities research analysts forecast that Williams-Sonoma will post $3.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.33%. Williams-Sonoma’s payout ratio is currently 44.96%.
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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