Gordon Haskett upgraded shares of Williams-Sonoma (NYSE:WSM) from a hold rating to an accumulate rating in a research note issued to investors on Thursday, Benzinga reports. The firm currently has $68.00 price target on the specialty retailer’s stock.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Williams-Sonoma from a hold rating to a buy rating and set a $66.00 price target on the stock in a research note on Monday, March 25th. Berenberg Bank started coverage on Williams-Sonoma in a research note on Thursday, May 9th. They issued a hold rating and a $61.00 price target on the stock. Wedbush set a $63.00 price target on Williams-Sonoma and gave the company a hold rating in a research note on Friday, May 31st. Evercore ISI started coverage on Williams-Sonoma in a research note on Wednesday, March 20th. They issued an in-line rating and a $60.00 price target on the stock. Finally, William Blair reaffirmed a market perform rating on shares of Williams-Sonoma in a research note on Thursday, March 21st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. Williams-Sonoma presently has a consensus rating of Hold and an average target price of $59.60.
NYSE:WSM traded down $0.01 during trading hours on Thursday, hitting $61.27. The company had a trading volume of 8,491 shares, compared to its average volume of 2,474,341. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.83 billion, a P/E ratio of 13.70, a PEG ratio of 1.73 and a beta of 0.83. Williams-Sonoma has a 1 year low of $45.01 and a 1 year high of $73.99.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. On average, equities analysts anticipate that Williams-Sonoma will post 4.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, April 26th were paid a dividend of $0.48 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.92 annualized dividend and a yield of 3.13%. Williams-Sonoma’s dividend payout ratio is presently 43.05%.
In related news, Director Sabrina Simmons sold 1,750 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total transaction of $105,140.00. Following the transaction, the director now owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Williams-Sonoma by 1.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,480 shares of the specialty retailer’s stock worth $731,000 after purchasing an additional 199 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Williams-Sonoma by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the specialty retailer’s stock valued at $1,210,000 after acquiring an additional 200 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Williams-Sonoma by 2.0% in the 1st quarter. Jennison Associates LLC now owns 10,616 shares of the specialty retailer’s stock valued at $597,000 after acquiring an additional 204 shares during the last quarter. Occidental Asset Management LLC increased its holdings in shares of Williams-Sonoma by 4.8% in the 4th quarter. Occidental Asset Management LLC now owns 5,250 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 242 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC increased its holdings in shares of Williams-Sonoma by 1.3% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 20,245 shares of the specialty retailer’s stock valued at $1,021,000 after acquiring an additional 250 shares during the last quarter.
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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