Robert W. Baird set a $48.00 price target on Williams-Sonoma, Inc. (NYSE:WSM) in a research report sent to investors on Tuesday. The firm currently has a hold rating on the specialty retailer’s stock.
Several other analysts have also recently weighed in on the stock. SunTrust Banks, Inc. reiterated a buy rating and issued a $62.00 price target on shares of Williams-Sonoma in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Williams-Sonoma from a buy rating to a hold rating in a report on Friday, October 13th. Stifel Nicolaus assumed coverage on shares of Williams-Sonoma in a report on Thursday, October 12th. They set a hold rating and a $54.00 target price on the stock. Credit Suisse Group cut shares of Williams-Sonoma from a neutral rating to an underperform rating and set a $44.00 target price on the stock. in a report on Thursday, October 12th. Finally, TheStreet upgraded shares of Williams-Sonoma from a c+ rating to a b- rating in a report on Monday, October 9th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $52.18.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion for 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 firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.11%. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
Institutional investors have recently added to or reduced their stakes in the business. Alpha Omega Wealth Management LLC grew its stake in shares of Williams-Sonoma by 828.3% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Williams-Sonoma by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 274 shares during the period. IFP Advisors Inc grew its stake in shares of Williams-Sonoma by 39.8% during the 2nd quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 838 shares during the period. Franklin Resources Inc. bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at approximately $182,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Williams-Sonoma by 7.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock valued at $182,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.
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.
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