Williams-Sonoma, Inc. (NYSE:WSM) – Analysts at Wedbush boosted their Q1 2019 earnings per share estimates for shares of Williams-Sonoma in a research note issued on Thursday. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $0.57 per share for the quarter, up from their prior estimate of $0.52. Wedbush also issued estimates for Williams-Sonoma’s Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.98 EPS and FY2019 earnings at $4.17 EPS.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis.
WSM has been the topic of a number of other research reports. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Saturday, February 3rd. Stifel Nicolaus raised their price target on Williams-Sonoma from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, March 15th. Wolfe Research raised their price target on Williams-Sonoma from $52.00 to $55.00 and gave the stock a “peer perform” rating in a research report on Thursday, March 15th. Gordon Haskett raised Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 price target on the stock in a research report on Wednesday, March 14th. Finally, Goldman Sachs lowered Williams-Sonoma from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 16th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.21.
Williams-Sonoma stock traded up $0.16 during trading hours on Monday, reaching $53.44. The company’s stock had a trading volume of 207,865 shares, compared to its average volume of 1,718,532. The firm has a market capitalization of $4,537.04, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.99 and a beta of 0.82. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. Williams-Sonoma has a 1 year low of $42.68 and a 1 year high of $56.38.
Institutional investors have recently made changes to their positions in the stock. Ffcm LLC bought a new position in Williams-Sonoma in the third quarter valued at approximately $125,000. Rational Advisors LLC bought a new position in Williams-Sonoma in the fourth quarter valued at approximately $171,000. Private Trust Co. NA bought a new position in Williams-Sonoma in the fourth quarter valued at approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 purchasing an additional 1,429 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Williams-Sonoma in the fourth quarter valued at approximately $236,000.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, April 26th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio (DPR) is currently 51.49%.
Williams-Sonoma declared that its board has authorized a share buyback plan on Wednesday, March 14th that authorizes the company to repurchase $286.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase 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.
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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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