Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at Oppenheimer issued their Q1 2019 earnings per share estimates for Williams-Sonoma in a report issued on Thursday. Oppenheimer analyst B. Nagel expects that the specialty retailer will earn $0.57 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Williams-Sonoma’s Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $1.97 EPS and FY2020 earnings at $4.35 EPS.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.07. Williams-Sonoma had a return on equity of 26.13% and a net margin of 4.90%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year.
WSM has been the subject of several other reports. Zacks Investment Research lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Barclays set a $45.00 price objective on Williams-Sonoma and gave the stock a “sell” rating in a research note on Thursday. BTIG Research increased their price objective on Williams-Sonoma to $47.00 and gave the stock a “sell” rating in a research note on Thursday. Bank of America dropped their price objective on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, November 17th. Finally, Moffett Nathanson began coverage on Williams-Sonoma in a research note on Monday, December 4th. They set a “neutral” rating for the company. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $51.05.
Williams-Sonoma (NYSE WSM) traded up $0.61 during trading on Friday, reaching $55.64. The company’s stock had a trading volume of 1,172,628 shares, compared to its average volume of 1,671,892. Williams-Sonoma has a 1 year low of $42.68 and a 1 year high of $56.38. The firm has a market capitalization of $4,520.21, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.01 and a beta of 0.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be issued a $0.43 dividend. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, April 26th. This represents a $1.72 annualized dividend and a yield of 3.09%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 51.49%.
Williams-Sonoma declared that its board has initiated a stock repurchase plan on Wednesday, March 14th that permits the company to repurchase $286.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of WSM. Ffcm LLC bought a new position in Williams-Sonoma in the third quarter valued at about $125,000. Rational Advisors LLC bought a new position in Williams-Sonoma in the fourth quarter valued at about $171,000. Private Trust Co. NA bought a new position in Williams-Sonoma in the fourth quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Williams-Sonoma by 49.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Williams-Sonoma in the fourth quarter valued at about $236,000.
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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.
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