Williams-Sonoma (NYSE:WSM – Get Free Report) posted its quarterly earnings data on Thursday. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13, Briefing.com reports. Williams-Sonoma had a return on equity of 52.83% and a net margin of 14.29%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company earned $1.56 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Williams-Sonoma updated its FY 2024 guidance to EPS.
Williams-Sonoma Price Performance
WSM stock opened at $139.51 on Friday. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.00 and a beta of 1.75. Williams-Sonoma has a 1-year low of $69.02 and a 1-year high of $174.26. The firm has a fifty day moving average price of $146.15 and a two-hundred day moving average price of $142.07.
Williams-Sonoma Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 19th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, July 19th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 28.01%.
Analyst Upgrades and Downgrades
Insider Transactions at Williams-Sonoma
In related news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the completion of the sale, the chief executive officer now owns 1,070,956 shares of the company’s stock, valued at approximately $167,551,066.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Williams-Sonoma news, insider Monica Bhargava sold 17,862 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $149.14, for a total value of $2,663,938.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the transaction, the chief executive officer now directly owns 1,070,956 shares of the company’s stock, valued at approximately $167,551,066.20. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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