Williams-Sonoma, Inc. (WSM) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Williams-Sonoma, Inc. (NYSE:WSM) from a sell rating to a hold rating in a report issued on Tuesday.
According to Zacks, “Williams-Sonoma’s third-quarter fiscal 2017 earnings of 84 cents per share were in line with the Zacks Consensus Estimate. Earnings also increased 7.7% from the year-ago level. Net revenues of $1,299 million were slightly higher than the concensus estimate of $1,293 million and improved 4.3% year over year. However, net revenues reflect an estimated $7-million impact of lost sales associated with the hurricanes in Texas, Florida and Puerto Rico. Comparable brand revenues increased 3.3% in the quarter. The company’s namesake brand’s comparable brand revenues were up 2.3%, better than 0.1% growth in the prior-year quarter. However, West Elm’s comparable brand revenue growth compared unfavorably with the prior-year quarter. Moreover, continued e-commerce and supply chain investments weighed on operating margins. Operating margin was 8.5% in the quarter, down 40 basis points (bps) from the year-ago quarter.”
Several other research analysts also recently commented on WSM. BidaskClub downgraded Williams-Sonoma from a sell rating to a strong sell rating in a research note on Friday, July 28th. Loop Capital reissued a hold rating and set a $54.00 target price on shares of Williams-Sonoma in a research note on Monday, August 21st. BTIG Research reaffirmed a sell rating and issued a $41.00 price objective on shares of Williams-Sonoma in a research note on Monday, August 21st. Bank of America Corporation reaffirmed an underperform rating and issued a $40.00 price objective (down previously from $44.00) on shares of Williams-Sonoma in a research note on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Williams-Sonoma in a research note on Thursday, August 24th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $51.39.
Williams-Sonoma (NYSE WSM) opened at $45.59 on Tuesday. The company has a market capitalization of $3,938.36, a PE ratio of 13.28, a P/E/G ratio of 1.73 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 issued its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. equities research analysts predict that Williams-Sonoma will post 3.54 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.42%. Williams-Sonoma’s payout ratio is 44.19%.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Williams-Sonoma by 4.9% during 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. grew 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 worth $201,828,000 after acquiring an additional 21,035 shares during the period. Janus Henderson Group PLC grew 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 worth $170,595,000 after acquiring an additional 3,226,625 shares during the period. State Street Corp grew 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 worth $157,297,000 after acquiring an additional 28,837 shares during the period. Finally, FMR LLC grew 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 worth $129,904,000 after acquiring an additional 1,435,014 shares during the period. Institutional investors own 99.33% 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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