Williams-Sonoma, Inc. to Post FY2019 Earnings of $4.66 Per Share, KeyCorp Forecasts (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSM) – Analysts at KeyCorp upped their FY2019 earnings estimates for Williams-Sonoma in a report released on Wednesday, according to Zacks Investment Research. KeyCorp analyst B. Thomas now anticipates that the specialty retailer will post earnings of $4.66 per share for the year, up from their previous forecast of $3.82.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The business 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 revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS.

WSM has been the subject of several other research reports. Bank of America cut their price target on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, November 17th. Credit Suisse Group downgraded Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price target for the company. in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Williams-Sonoma from a “buy” rating to a “sell” rating in a research note on Wednesday, November 15th. SunTrust Banks reissued a “buy” rating and issued a $62.00 target price on shares of Williams-Sonoma in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. downgraded shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 target price for the company. in a research note on Friday, November 17th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.25.

Williams-Sonoma (NYSE WSM) traded up $1.04 during trading hours on Monday, hitting $55.49. The stock had a trading volume of 1,302,700 shares, compared to its average volume of 1,209,311. The firm has a market cap of $4,670.00, a P/E ratio of 15.72, a PEG ratio of 1.61 and a beta of 0.89. Williams-Sonoma has a fifty-two week low of $42.68 and a fifty-two week high of $55.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio (DPR) is 44.19%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in Williams-Sonoma in the 2nd quarter valued at about $395,000. Alpha Windward LLC grew its holdings in Williams-Sonoma by 23,087.0% in the 3rd quarter. Alpha Windward LLC now owns 10,666 shares of the specialty retailer’s stock valued at $532,000 after buying an additional 10,620 shares during the period. Ameriprise Financial Inc. grew its holdings in Williams-Sonoma by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 246,030 shares of the specialty retailer’s stock valued at $12,267,000 after buying an additional 16,086 shares during the period. Oxbow Advisors LLC grew its holdings in Williams-Sonoma by 3.7% in the 3rd quarter. Oxbow Advisors LLC now owns 35,312 shares of the specialty retailer’s stock valued at $1,761,000 after buying an additional 1,270 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Williams-Sonoma by 6.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 63,325 shares of the specialty retailer’s stock valued at $3,157,000 after buying an additional 3,792 shares during the period.

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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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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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