Robert W. Baird set a $48.00 price objective on Williams-Sonoma, Inc. (NYSE:WSM) in a research report sent to investors on Tuesday, October 31st. The firm currently has a hold rating on the specialty retailer’s stock.
A number of other brokerages also recently commented on WSM. TheStreet raised shares of Williams-Sonoma from a c+ rating to a b- rating in a research note on Monday, October 9th. Credit Suisse Group downgraded shares of Williams-Sonoma from a neutral rating to an underperform rating and set a $44.00 price target on the stock. in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $58.00 target price for the company in a research report on Thursday, October 12th. Jefferies Group LLC reissued a hold rating and issued a $49.00 target price on shares of Williams-Sonoma in a research report on Thursday, September 28th. Finally, SunTrust Banks, Inc. reaffirmed a buy rating and issued a $62.00 price target on shares of Williams-Sonoma in a report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $52.18.
Williams-Sonoma (NYSE:WSM) opened at $50.25 on Tuesday. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.94. The stock has a market cap of $4,309.14, a PE ratio of 14.52, a P/E/G ratio of 1.08 and a beta of 0.91.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. analysts anticipate that Williams-Sonoma will post 3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is 44.96%.
Several hedge funds have recently made changes to their positions in WSM. Ffcm LLC acquired a new position in shares of Williams-Sonoma in the 3rd quarter valued at $125,000. Alpha Omega Wealth Management LLC raised its stake in shares of Williams-Sonoma by 828.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 2,485 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Williams-Sonoma by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after buying an additional 274 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Williams-Sonoma by 39.8% in the 2nd quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 838 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Williams-Sonoma by 7.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 250 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.
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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