Brokerages Anticipate Williams-Sonoma, Inc. (NYSE:WSM) to Post $2.05 EPS

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Brokerages expect that Williams-Sonoma, Inc. (NYSE:WSM) will announce $2.05 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have made estimates for Williams-Sonoma’s earnings, with the lowest EPS estimate coming in at $2.01 and the highest estimate coming in at $2.09. Williams-Sonoma posted earnings per share of $2.10 in the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The firm is expected to report its next earnings results on Wednesday, March 18th.

On average, analysts expect that Williams-Sonoma will report full year earnings of $4.74 per share for the current year, with EPS estimates ranging from $4.69 to $4.78. For the next fiscal year, analysts forecast that the firm will report earnings of $4.92 per share, with EPS estimates ranging from $4.54 to $5.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, November 21st. The specialty retailer reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Williams-Sonoma had a return on equity of 33.81% and a net margin of 5.86%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Royal Bank of Canada boosted their price target on Williams-Sonoma from $61.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 29th. Wolfe Research assumed coverage on shares of Williams-Sonoma in a research note on Tuesday, October 8th. They set a “hold” rating and a $76.00 price objective on the stock. Barclays initiated coverage on Williams-Sonoma in a report on Tuesday, November 12th. They issued an “overweight” rating and a $77.00 price target for the company. JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $55.00 to $64.00 and gave the stock an “underweight” rating in a research note on Thursday, August 29th. Finally, Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Monday, September 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.44.

Shares of Williams-Sonoma stock traded down $1.06 on Tuesday, reaching $66.91. 20,079 shares of the stock were exchanged, compared to its average volume of 1,244,439. The firm has a market capitalization of $5.41 billion, a PE ratio of 15.02, a PEG ratio of 1.54 and a beta of 0.86. The business has a fifty day moving average price of $69.36 and a two-hundred day moving average price of $64.95. Williams-Sonoma has a 1-year low of $45.01 and a 1-year high of $74.15. The company has a current ratio of 1.29, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, October 25th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.92 annualized dividend and a yield of 2.87%. Williams-Sonoma’s dividend payout ratio is currently 43.05%.

In other news, CEO Laura Alber sold 35,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $70.57, for a total value of $2,469,950.00. Following the completion of the sale, the chief executive officer now owns 411,861 shares of the company’s stock, valued at $29,065,030.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex Bellos sold 4,820 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the sale, the insider now owns 8,177 shares of the company’s stock, valued at approximately $533,549.25. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Psagot Investment House Ltd. purchased a new position in shares of Williams-Sonoma in the 2nd quarter worth about $25,000. Flagship Harbor Advisors LLC raised its holdings in shares of Williams-Sonoma by 68.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 499 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 203 shares in the last quarter. CWM LLC lifted its position in Williams-Sonoma by 174.2% in the 3rd quarter. CWM LLC now owns 532 shares of the specialty retailer’s stock worth $36,000 after buying an additional 338 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Williams-Sonoma in the second quarter worth approximately $43,000. Finally, Marshall Wace North America L.P. bought a new position in Williams-Sonoma during the first quarter valued at approximately $56,000. 99.21% of the stock is owned by institutional investors.

About Williams-Sonoma

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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