Wall Street brokerages expect that Williams-Sonoma, Inc. (NYSE:WSM) will report sales of $1.41 billion for the current quarter, Zacks reports. Nine analysts have made estimates for Williams-Sonoma’s earnings, with the highest sales estimate coming in at $1.44 billion and the lowest estimate coming in at $1.39 billion. Williams-Sonoma reported sales of $1.36 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The company is expected to report its next earnings results on Thursday, November 21st.
On average, analysts expect that Williams-Sonoma will report full year sales of $5.85 billion for the current year, with estimates ranging from $5.78 billion to $5.92 billion. For the next financial year, analysts forecast that the company will report sales of $5.99 billion, with estimates ranging from $5.88 billion to $6.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Williams-Sonoma.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.77 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis.
Shares of NYSE WSM traded down $1.45 during midday trading on Friday, hitting $69.78. 36,472 shares of the company’s stock were exchanged, compared to its average volume of 932,145. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.31 and a quick ratio of 0.31. Williams-Sonoma has a twelve month low of $45.01 and a twelve month high of $71.63. The company has a market cap of $5.50 billion, a PE ratio of 15.65, a P/E/G ratio of 1.56 and a beta of 0.88. The firm’s fifty day simple moving average is $66.98 and its 200-day simple moving average is $62.48.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, October 25th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Thursday, October 24th. Williams-Sonoma’s payout ratio is currently 43.05%.
In related news, CEO Laura Alber sold 35,000 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $70.57, for a total value of $2,469,950.00. Following the sale, the chief executive officer now directly owns 411,861 shares in the company, valued at $29,065,030.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alex Bellos sold 4,820 shares of Williams-Sonoma stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the sale, the insider now owns 8,177 shares in the company, valued at $533,549.25. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of WSM. Psagot Investment House Ltd. purchased a new stake in Williams-Sonoma during the second quarter worth $25,000. Flagship Harbor Advisors LLC boosted its position in Williams-Sonoma by 68.6% during the third quarter. Flagship Harbor Advisors LLC now owns 499 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 203 shares in the last quarter. CWM LLC boosted its position in Williams-Sonoma by 174.2% during the third quarter. CWM LLC now owns 532 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 338 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Williams-Sonoma during the second quarter worth $43,000. Finally, Marshall Wace North America L.P. purchased a new stake in Williams-Sonoma during the first quarter worth $56,000.
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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