BidaskClub Downgrades Williams-Sonoma, Inc. (NYSE:WSM) to Sell

Williams-Sonoma, Inc. (NYSE:WSM) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other research firms have also issued reports on WSM. ValuEngine raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Instinet reissued a “buy” rating and issued a $65.00 price target on shares of Williams-Sonoma in a research report on Tuesday, March 14th. Robert W. Baird set a $48.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a research report on Thursday, March 16th. Telsey Advisory Group boosted their price target on shares of Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, May 25th. Finally, CIBC reissued a “hold” rating on shares of Williams-Sonoma in a research report on Friday, May 26th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $57.01.

Williams-Sonoma (NYSE WSM) opened at 46.43 on Wednesday. The firm’s 50 day moving average is $48.68 and its 200-day moving average is $50.14. Williams-Sonoma has a 12 month low of $45.68 and a 12 month high of $57.40. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 13.52 and a beta of 0.90.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma will post $3.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a yield of 3.36%. Williams-Sonoma’s dividend payout ratio is presently 45.35%.

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Large investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC boosted its stake in shares of Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 70 shares during the period. Creative Planning boosted its stake in shares of 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 period. Gofen & Glossberg LLC IL boosted its stake in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock worth $1,477,000 after buying an additional 120 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Williams-Sonoma by 0.4% in the first quarter. Mason Street Advisors LLC now owns 38,180 shares of the specialty retailer’s stock worth $2,047,000 after buying an additional 168 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of 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 period. 97.55% 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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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