FY2019 EPS Estimates for Williams-Sonoma, Inc. Increased by KeyCorp (WSM)

Williams-Sonoma, Inc. (NYSE:WSM) – Investment analysts at KeyCorp upped their FY2019 earnings per share estimates for shares of Williams-Sonoma in a research report issued on Wednesday. KeyCorp analyst B. Thomas now forecasts that the specialty retailer will post earnings of $4.66 per share for the year, up from their prior estimate of $3.82.

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

WSM has been the topic of several other reports. Bank of America decreased their price objective on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, November 17th. Credit Suisse Group cut Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a report on Thursday, October 12th. Zacks Investment Research lowered Williams-Sonoma from a “buy” rating to a “sell” rating in a report on Wednesday, November 15th. SunTrust Banks restated a “buy” rating and set a $62.00 price target on shares of Williams-Sonoma in a report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. lowered Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price target on the stock. in a report on Friday, November 17th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.25.

Williams-Sonoma (WSM) traded up $0.62 during midday trading on Monday, reaching $53.30. The company had a trading volume of 835,300 shares, compared to its average volume of 1,477,925. The stock has a market cap of $4,540.00, a PE ratio of 15.10, a PEG ratio of 1.98 and a beta of 0.89. Williams-Sonoma has a one year low of $42.68 and a one year high of $55.89.

Institutional investors and hedge funds have recently bought and sold shares of the company. Ffcm LLC bought a new position in shares of Williams-Sonoma during the 3rd quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $141,000 after buying an additional 274 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Williams-Sonoma during the 2nd quarter worth $182,000. High Falls Advisors Inc grew its position in shares of Williams-Sonoma by 7.7% during the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock worth $211,000 after buying an additional 312 shares in the last quarter. Finally, Fulton Bank N.A. bought a new position in shares of Williams-Sonoma during the 3rd quarter worth $229,000. 96.62% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s payout ratio is 44.19%.

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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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