Williams-Sonoma Inc. (NYSE:WSM) declared a quarterly dividend on Friday, December 16th. Investors of record on Thursday, January 26th will be paid a dividend of 0.37 per share on Friday, February 24th. This represents a $1.48 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, January 24th.
Williams-Sonoma (NYSE:WSM) opened at 48.64 on Monday. Williams-Sonoma has a one year low of $45.96 and a one year high of $61.97. The firm has a market capitalization of $4.27 billion, a PE ratio of 14.47 and a beta of 0.90. The company’s 50-day moving average price is $52.42 and its 200 day moving average price is $51.50.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The company earned $1.25 million during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 earnings per share. On average, analysts forecast that Williams-Sonoma will post $3.40 earnings per share for the current year.
Several equities analysts have recently commented on the company. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Williams-Sonoma in a report on Saturday, November 19th. Zacks Investment Research raised Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, December 13th. Nomura reaffirmed a “buy” rating and set a $65.00 target price on shares of Williams-Sonoma in a report on Monday, November 21st. Barclays PLC set a $40.00 target price on Williams-Sonoma and gave the company a “sell” rating in a report on Friday, November 18th. Finally, Vetr lowered Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.14 target price for the company. in a report on Tuesday, November 15th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $57.05.
In other news, insider James W. Jr. Brett sold 16,355 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $54.49, for a total value of $891,183.95. Following the completion of the sale, the insider now owns 24,978 shares in the company, valued at $1,361,051.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Teachers Advisors Inc. increased its position in Williams-Sonoma by 5.1% in the second quarter. Teachers Advisors Inc. now owns 74,272 shares of the company’s stock worth $3,872,000 after buying an additional 3,603 shares during the period. Baird Financial Group Inc. increased its position in Williams-Sonoma by 40.3% in the second quarter. Baird Financial Group Inc. now owns 8,349 shares of the company’s stock worth $436,000 after buying an additional 2,398 shares during the period. Analytic Investors LLC bought a new position in Williams-Sonoma during the second quarter worth $10,345,000. Cipher Capital LP bought a new position in Williams-Sonoma during the second quarter worth $1,019,000. Finally, Janney Montgomery Scott LLC bought a new position in Williams-Sonoma during the second quarter worth $1,156,000. 99.06% of the stock is currently owned by institutional investors and hedge funds.
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.