Williams-Sonoma, Inc. (NYSE:WSM) – KeyCorp cut their FY2019 earnings estimates for shares of Williams-Sonoma in a report released on Monday, February 11th. KeyCorp analyst B. Thomas now expects that the specialty retailer will earn $4.32 per share for the year, down from their prior estimate of $4.36. KeyCorp also issued estimates for Williams-Sonoma’s Q4 2019 earnings at $1.95 EPS and FY2020 earnings at $4.45 EPS.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Morgan Stanley lowered Williams-Sonoma from an “equal weight” rating to an “underweight” rating and set a $51.01 price objective for the company. in a research note on Wednesday, January 23rd. ValuEngine lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Credit Suisse Group upgraded Williams-Sonoma to a “hold wsm” rating and set a $50.00 target price for the company in a report on Thursday, December 20th. Finally, Citigroup reduced their target price on Williams-Sonoma from $70.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.40.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, November 15th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Williams-Sonoma had a return on equity of 29.75% and a net margin of 4.97%.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, January 25th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, January 24th. This represents a $1.72 annualized dividend and a yield of 3.09%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 47.65%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its holdings in Williams-Sonoma by 5,231.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 1,587,286 shares in the last quarter. IMS Capital Management acquired a new stake in shares of Williams-Sonoma in the third quarter valued at about $33,000. IFP Advisors Inc grew its position in shares of Williams-Sonoma by 108.0% in the fourth quarter. IFP Advisors Inc now owns 1,504 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 781 shares during the last quarter. Csenge Advisory Group acquired a new stake in shares of Williams-Sonoma in the third quarter valued at about $124,000. Finally, NEXT Financial Group Inc grew its position in shares of Williams-Sonoma by 130.9% in the fourth quarter. NEXT Financial Group Inc now owns 2,540 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 1,440 shares during the last quarter.
Williams-Sonoma Company Profile
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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