Oppenheimer Holdings Inc. reaffirmed their hold rating on shares of Williams-Sonoma, Inc. (NYSE:WSM) in a report published on Thursday.
Other research analysts also recently issued research reports about the company. SunTrust Banks, Inc. restated a buy rating on shares of Williams-Sonoma in a research note on Saturday, November 19th. Wedbush reduced their price objective on Williams-Sonoma from $53.00 to $48.00 and set a neutral rating for the company in a research note on Monday, March 6th. Zacks Investment Research downgraded Williams-Sonoma from a buy rating to a hold rating in a research note on Tuesday, March 7th. Guggenheim restated a neutral rating on shares of Williams-Sonoma in a research note on Thursday, March 16th. Finally, Barclays PLC set a $40.00 price objective on Williams-Sonoma and gave the company a sell rating in a research note on Friday, November 18th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $55.68.
Williams-Sonoma (NYSE:WSM) opened at 48.50 on Thursday. Williams-Sonoma has a 12 month low of $45.96 and a 12 month high of $61.97. The company has a market cap of $4.26 billion, a PE ratio of 14.43 and a beta of 0.97. The company has a 50 day moving average price of $48.19 and a 200-day moving average price of $50.00.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, March 15th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.04. The firm earned $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. Equities analysts predict that Williams-Sonoma will post $3.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 28th will be issued a dividend of $0.39 per share. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.22%. Williams-Sonoma’s dividend payout ratio is 44.18%.
A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Williams-Sonoma during the fourth quarter worth about $36,265,000. I.G. Investment Management LTD. boosted its stake in shares of Williams-Sonoma by 18.5% in the fourth quarter. I.G. Investment Management LTD. now owns 270,700 shares of the company’s stock worth $13,099,000 after buying an additional 42,300 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Williams-Sonoma by 9.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,040 shares of the company’s stock worth $679,000 after buying an additional 1,190 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Williams-Sonoma during the fourth quarter worth about $484,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Williams-Sonoma during the fourth quarter worth about $229,000. 98.01% of the stock is currently owned by institutional investors and hedge funds.
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.