Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) – Equities researchers at Jefferies Financial Group raised their FY2023 earnings per share (EPS) estimates for Williams-Sonoma in a research report issued to clients and investors on Thursday, November 17th. Jefferies Financial Group analyst J. Matuszewski now anticipates that the specialty retailer will post earnings of $16.30 per share for the year, up from their prior forecast of $16.09. Jefferies Financial Group currently has a “Underperform” rating and a $100.00 target price on the stock. The consensus estimate for Williams-Sonoma’s current full-year earnings is $16.67 per share. Jefferies Financial Group also issued estimates for Williams-Sonoma’s FY2024 earnings at $14.75 EPS and FY2025 earnings at $15.95 EPS.
A number of other research firms also recently issued reports on WSM. Barclays boosted their price target on Williams-Sonoma from $173.00 to $192.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. The Goldman Sachs Group boosted their price target on Williams-Sonoma from $100.00 to $138.00 and gave the company a “sell” rating in a research report on Friday, August 26th. StockNews.com began coverage on Williams-Sonoma in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Cowen lowered their price target on Williams-Sonoma from $170.00 to $145.00 in a research report on Friday. Finally, Royal Bank of Canada reduced their price objective on Williams-Sonoma from $192.00 to $151.00 and set an “outperform” rating on the stock in a research note on Friday. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average price target of $145.78.
Williams-Sonoma Trading Down 6.2%
WSM stock opened at $122.37 on Monday. The stock has a 50-day moving average price of $125.56 and a two-hundred day moving average price of $131.27. Williams-Sonoma has a 12-month low of $101.58 and a 12-month high of $223.32. The company has a market cap of $8.16 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 0.73 and a beta of 1.61.
Williams-Sonoma (NYSE:WSM – Get Rating) last posted its quarterly earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $0.33. Williams-Sonoma had a return on equity of 83.01% and a net margin of 13.48%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $3.24 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year.
Williams-Sonoma Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 21st will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, October 20th. Williams-Sonoma’s dividend payout ratio (DPR) is 18.91%.
Insider Buying and Selling
In related news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $150.43, for a total value of $3,008,600.00. Following the transaction, the chief executive officer now owns 501,653 shares in the company, valued at $75,463,660.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
Institutional Trading of Williams-Sonoma
Several hedge funds and other institutional investors have recently bought and sold shares of WSM. Park Avenue Securities LLC increased its holdings in Williams-Sonoma by 20.3% in the first quarter. Park Avenue Securities LLC now owns 4,774 shares of the specialty retailer’s stock valued at $692,000 after buying an additional 805 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Williams-Sonoma in the first quarter valued at about $120,000. CENTRAL TRUST Co increased its holdings in Williams-Sonoma by 3.3% in the first quarter. CENTRAL TRUST Co now owns 3,792 shares of the specialty retailer’s stock valued at $550,000 after buying an additional 122 shares during the last quarter. FDx Advisors Inc. increased its holdings in Williams-Sonoma by 18.2% in the first quarter. FDx Advisors Inc. now owns 2,572 shares of the specialty retailer’s stock valued at $373,000 after buying an additional 396 shares during the last quarter. Finally, Versor Investments LP increased its holdings in Williams-Sonoma by 25.4% in the first quarter. Versor Investments LP now owns 2,758 shares of the specialty retailer’s stock valued at $400,000 after buying an additional 558 shares during the last quarter. 93.74% of the stock is owned by institutional investors.
About Williams Sonoma
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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