Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at Oppenheimer Holdings reduced their Q2 2018 earnings estimates for Williams-Sonoma in a research report issued on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $0.57 for the quarter, down from their previous forecast of $0.58. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Williams-Sonoma’s Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $1.65 EPS and FY2018 earnings at $3.53 EPS.
Other equities research analysts also recently issued research reports about the company. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a report on Friday. JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, April 3rd. Jefferies Group LLC restated a “hold” rating and issued a $54.00 price target on shares of Williams-Sonoma in a report on Thursday. Telsey Advisory Group increased their price target on Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $56.16.
Williams-Sonoma (NYSE:WSM) opened at 49.13 on Friday. The company has a 50-day moving average price of $52.86 and a 200-day moving average price of $51.07. The stock has a market cap of $4.27 billion, a PE ratio of 14.31 and a beta of 0.97. Williams-Sonoma has a 52 week low of $45.96 and a 52 week high of $57.40.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. Williams-Sonoma’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, April 28th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, April 26th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.18%.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc boosted its stake in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock worth $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank boosted its stake in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after buying an additional 250 shares during the last quarter. Invictus RG acquired a new stake in Williams-Sonoma during the first quarter worth about $122,000. Finally, Foresters Investment Management Company Inc. acquired a new stake in Williams-Sonoma during the first quarter worth about $134,000. 98.01% of the stock is owned by institutional investors.
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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