Analysts Anticipate Williams-Sonoma, Inc. (NYSE:WSM) to Announce $0.83 Earnings Per Share

Brokerages forecast that Williams-Sonoma, Inc. (NYSE:WSM) will post $0.83 earnings per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Williams-Sonoma’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.76. Williams-Sonoma posted earnings of $0.77 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 28th.

On average, analysts expect that Williams-Sonoma will report full-year earnings of $4.67 per share for the current fiscal year, with EPS estimates ranging from $4.57 to $4.75. For the next year, analysts forecast that the company will post earnings of $4.88 per share, with EPS estimates ranging from $4.48 to $5.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year.



Several research firms recently commented on WSM. Bank of America set a $45.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a research report on Friday, May 31st. Berenberg Bank began coverage on Williams-Sonoma in a research report on Thursday, May 9th. They issued a “hold” rating and a $61.00 target price on the stock. Wedbush set a $63.00 target price on Williams-Sonoma and gave the company a “hold” rating in a research report on Friday, May 31st. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Friday, June 28th. Finally, Citigroup raised their target price on Williams-Sonoma from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $60.48.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new stake in shares of Williams-Sonoma in the second quarter worth $757,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Williams-Sonoma by 5.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,269 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 178 shares in the last quarter. Phocas Financial Corp. raised its holdings in shares of Williams-Sonoma by 16.7% during the second quarter. Phocas Financial Corp. now owns 106,363 shares of the specialty retailer’s stock worth $6,914,000 after acquiring an additional 15,259 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Williams-Sonoma by 22.2% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 46,313 shares of the specialty retailer’s stock worth $18,122,000 after acquiring an additional 8,410 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Williams-Sonoma by 14.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,231 shares of the specialty retailer’s stock worth $795,000 after acquiring an additional 1,513 shares in the last quarter.

WSM traded up $0.41 during trading hours on Friday, hitting $63.30. The company’s stock had a trading volume of 1,054,400 shares, compared to its average volume of 1,172,455. Williams-Sonoma has a fifty-two week low of $45.01 and a fifty-two week high of $73.99. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $4.94 billion, a PE ratio of 14.19, a PEG ratio of 1.86 and a beta of 0.85. The company has a 50-day simple moving average of $65.77 and a 200 day simple moving average of $59.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, July 25th. Williams-Sonoma’s payout ratio is currently 43.05%.

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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