Williams-Sonoma, Inc. (WSM) Forecasted to Post Q4 2018 Earnings of $1.65 Per Share

Williams-Sonoma, Inc. (NYSE:WSM) – Investment analysts at Jefferies Group decreased their Q4 2018 earnings per share (EPS) estimates for shares of Williams-Sonoma in a report issued on Thursday. Jefferies Group analyst D. Binder now expects that the specialty retailer will earn $1.65 per share for the quarter, down from their prior forecast of $1.69. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Williams-Sonoma’s Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.87 EPS and Q4 2019 earnings at $1.82 EPS.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.

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A number of other brokerages also recently commented on WSM. Buckingham Research dropped their price objective on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a research report on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on shares of Williams-Sonoma and gave the company a “hold” rating in a research report on Thursday, August 24th. Royal Bank Of Canada increased their price objective on shares of Williams-Sonoma from $49.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 24th. Bank of America Corporation restated an “underperform” rating and issued a $40.00 target price (down previously from $44.00) on shares of Williams-Sonoma in a report on Wednesday, August 23rd. Finally, Robert W. Baird set a $48.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a report on Tuesday, October 31st. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. Williams-Sonoma has an average rating of “Hold” and an average target price of $52.01.

Shares of Williams-Sonoma (NYSE:WSM) traded down $1.03 during trading hours on Monday, hitting $45.59. 3,065,033 shares of the company’s stock were exchanged, compared to its average volume of 1,718,147. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $56.94. The stock has a market cap of $3,880.00, a P/E ratio of 13.04, a PEG ratio of 0.99 and a beta of 0.91.

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 is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.42%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Williams-Sonoma by 4.9% during the 2nd quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock worth $464,276,000 after purchasing an additional 444,339 shares during the last quarter. Blackhill Capital Inc. boosted its position in shares of Williams-Sonoma by 0.5% in the third quarter. Blackhill Capital Inc. now owns 4,047,901 shares of the specialty retailer’s stock worth $201,828,000 after acquiring an additional 21,035 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Williams-Sonoma by 1,109.6% in the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after acquiring an additional 3,226,625 shares during the last quarter. State Street Corp boosted its position in shares of Williams-Sonoma by 0.9% in the second quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock worth $157,297,000 after acquiring an additional 28,837 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Williams-Sonoma by 115.4% in the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after acquiring an additional 1,435,014 shares during the last quarter. 99.33% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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