Williams-Sonoma Inc. (NYSE:WSM) Given Consensus Recommendation of “Hold” by Brokerages
Williams-Sonoma Inc. (NYSE:WSM) has received an average recommendation of “Hold” from the twenty-nine brokerages that are currently covering the company. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $59.46.
Several brokerages have recently issued reports on WSM. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Williams-Sonoma in a report on Sunday, May 29th. Piper Jaffray Cos. reaffirmed a “hold” rating on shares of Williams-Sonoma in a report on Sunday, May 29th. Vetr raised shares of Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $58.75 target price on the stock in a report on Wednesday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $61.00 target price (down previously from $68.00) on shares of Williams-Sonoma in a report on Thursday, August 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Williams-Sonoma in a report on Thursday, August 4th.
Shares of Williams-Sonoma (NYSE:WSM) traded up 1.37% during mid-day trading on Thursday, reaching $52.44. 1,302,573 shares of the company’s stock traded hands. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 15.70 and a beta of 1.01. The firm’s 50-day moving average is $52.89 and its 200 day moving average is $54.48. Williams-Sonoma has a one year low of $47.33 and a one year high of $79.55.
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Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts predict that Williams-Sonoma will post $3.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, July 22nd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Wednesday, July 20th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
In related news, CEO Laura Alber sold 80,000 shares of Williams-Sonoma stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the completion of the sale, the chief executive officer now owns 307,860 shares in the company, valued at approximately $16,375,073.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.20% 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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