Equities research analysts expect Williams-Sonoma (NYSE:WSM) to post $1.16 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Williams-Sonoma’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.16 billion. Williams-Sonoma reported sales of $1.11 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is scheduled to report its next earnings results on Wednesday, May 23rd.
On average, analysts expect that Williams-Sonoma will report full-year sales of $5.56 billion for the current year, with estimates ranging from $5.51 billion to $5.60 billion. For the next financial year, analysts forecast that the business will report sales of $5.63 billion per share, with estimates ranging from $5.57 billion to $5.72 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Williams-Sonoma.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share.
A number of analysts have weighed in on WSM shares. Stifel Nicolaus raised their price objective on shares of Williams-Sonoma from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, March 15th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Saturday, February 3rd. Wolfe Research raised their price objective on shares of 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 shares of Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 price objective for the company in a research report on Wednesday, March 14th. Finally, Credit Suisse Group set a $48.00 price objective on shares of Williams-Sonoma and gave the stock an “underperform” rating in a research report on Thursday, March 15th. 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.21.
Shares of Williams-Sonoma stock traded up $0.37 on Wednesday, hitting $48.42. The stock had a trading volume of 2,658,840 shares, compared to its average volume of 1,711,885. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $56.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.57. The company has a market capitalization of $4,044.62, a P/E ratio of 13.41, a P/E/G ratio of 0.88 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, April 27th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.55%. 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. Williams-Sonoma’s payout ratio is presently 43.21%.
Williams-Sonoma announced that its board has approved a share buyback program on Wednesday, March 14th that allows the company to buyback $286.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Williams-Sonoma news, CEO Laura Alber sold 97,965 shares of Williams-Sonoma stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $54.21, for a total transaction of $5,310,682.65. Following the completion of the transaction, the chief executive officer now owns 264,621 shares of the company’s stock, valued at approximately $14,345,104.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Janet Hayes sold 9,034 shares of Williams-Sonoma stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total value of $466,696.44. Following the transaction, the insider now directly owns 38,563 shares of the company’s stock, valued at approximately $1,992,164.58. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. First Long Island Investors LLC boosted its position in shares of Williams-Sonoma by 0.4% during the 4th quarter. First Long Island Investors LLC now owns 238,382 shares of the specialty retailer’s stock valued at $12,324,000 after acquiring an additional 992 shares during the last quarter. Ironwood Investment Management LLC boosted its position in shares of Williams-Sonoma by 11.1% during the 4th quarter. Ironwood Investment Management LLC now owns 10,739 shares of the specialty retailer’s stock valued at $555,000 after acquiring an additional 1,075 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Williams-Sonoma by 21.8% during the 4th quarter. Advisor Group Inc. now owns 6,112 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 1,094 shares during the last quarter. Hutchinson Capital Management CA boosted its position in shares of Williams-Sonoma by 0.3% during the 4th quarter. Hutchinson Capital Management CA now owns 355,512 shares of the specialty retailer’s stock valued at $18,380,000 after acquiring an additional 1,163 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Williams-Sonoma by 25.4% during the 4th quarter. LPL Financial LLC now owns 6,785 shares of the specialty retailer’s stock valued at $351,000 after acquiring an additional 1,374 shares during the last quarter.
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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