Williams-Sonoma (NYSE:WSM) issued its earnings results on Tuesday. The specialty retailer reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07, RTT News reports. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 earnings per share.
Shares of Williams-Sonoma (NYSE WSM) traded up $0.96 during midday trading on Wednesday, hitting $53.70. 4,426,659 shares of the company’s stock traded hands, compared to its average volume of 1,601,059. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $55.89. The stock has a market capitalization of $4,381.32, a P/E ratio of 15.24, a PEG ratio of 1.31 and a beta of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.20%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio is 44.19%.
WSM has been the topic of several analyst reports. Bank of America lowered their target price on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, November 17th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Saturday, February 3rd. JPMorgan Chase & Co. downgraded shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective on the stock. in a report on Friday, November 17th. Gordon Haskett downgraded shares of Williams-Sonoma from a “hold” rating to a “reduce” rating in a report on Friday, November 17th. Finally, Morgan Stanley started coverage on shares of Williams-Sonoma in a report on Friday, November 17th. They set a “hold” rating and a $48.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and a consensus target price of $51.20.
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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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