Williams-Sonoma (NYSE:WSM) Coverage Initiated by Analysts at Goldman Sachs Group

Goldman Sachs Group initiated coverage on shares of Williams-Sonoma (NYSE:WSM) in a research report released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $72.00 price objective on the specialty retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. Gordon Haskett raised shares of Williams-Sonoma from a hold rating to an accumulate rating and set a $68.00 price objective for the company in a research report on Thursday, June 13th. Berenberg Bank upped their target price on shares of Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the stock a hold rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $71.00 target price for the company in a research report on Friday, June 28th. Royal Bank of Canada upped their target price on shares of Williams-Sonoma to $60.00 and gave the stock a sector perform rating in a research report on Thursday, March 21st. Finally, Bank of America set a $77.00 target price on shares of Zscaler and gave the stock a neutral rating in a research report on Friday, May 31st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Williams-Sonoma has an average rating of Hold and a consensus target price of $60.81.

Shares of NYSE:WSM opened at $65.44 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. Williams-Sonoma has a fifty-two week low of $45.01 and a fifty-two week high of $73.99. The firm’s 50-day simple moving average is $60.16. The company has a market cap of $5.01 billion, a P/E ratio of 14.67, a PEG ratio of 1.89 and a beta of 0.86.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts expect that Williams-Sonoma will post 4.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, July 26th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.05%.

In other news, Director Sabrina Simmons sold 1,750 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the completion of the transaction, the director now directly owns 10,915 shares in the company, valued at $655,773.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marta Benson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the transaction, the insider now owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Systematic Financial Management LP boosted its holdings in shares of Williams-Sonoma by 1.2% in the first quarter. Systematic Financial Management LP now owns 297,276 shares of the specialty retailer’s stock valued at $16,728,000 after acquiring an additional 3,496 shares in the last quarter. Coatue Management LLC boosted its holdings in shares of Williams-Sonoma by 11.4% in the fourth quarter. Coatue Management LLC now owns 10,897 shares of the specialty retailer’s stock valued at $550,000 after acquiring an additional 1,111 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of Williams-Sonoma by 13.7% in the first quarter. Aviance Capital Partners LLC now owns 19,159 shares of the specialty retailer’s stock valued at $1,078,000 after acquiring an additional 2,304 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Williams-Sonoma by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,199,632 shares of the specialty retailer’s stock valued at $60,520,000 after acquiring an additional 46,370 shares in the last quarter. Finally, DDD Partners LLC boosted its holdings in shares of Williams-Sonoma by 1.4% in the first quarter. DDD Partners LLC now owns 118,207 shares of the specialty retailer’s stock valued at $6,652,000 after acquiring an additional 1,670 shares in the last quarter.

About Williams-Sonoma

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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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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