Williams-Sonoma (NYSE:WSM) announced its earnings results on Wednesday. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04, Briefing.com reports. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. Williams-Sonoma updated its FY 2019 guidance to $4.60-4.80 EPS and its FY20 guidance to $4.60-4.80 EPS.
NYSE WSM opened at $64.16 on Friday. 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 $5.38 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 2.03 and a beta of 0.85. The firm’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $59.80. Williams-Sonoma has a 1 year low of $45.01 and a 1 year high of $72.49.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, July 26th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $1.92 annualized dividend and a dividend yield of 2.99%. Williams-Sonoma’s dividend payout ratio is 43.05%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Psagot Investment House Ltd. bought a new position in Williams-Sonoma in the 2nd quarter valued at approximately $25,000. Penserra Capital Management LLC bought a new position in Williams-Sonoma in the 1st quarter valued at approximately $28,000. Meeder Asset Management Inc. bought a new position in Williams-Sonoma in the 2nd quarter valued at approximately $43,000. Marshall Wace North America L.P. bought a new position in Williams-Sonoma in the 1st quarter valued at approximately $56,000. Finally, Point72 Hong Kong Ltd bought a new position in Williams-Sonoma in the 2nd quarter valued at approximately $67,000.
A number of brokerages have issued reports on WSM. Bank of America set a $45.00 target price on shares of Williams-Sonoma and gave the stock an “underperform” rating in a research report on Friday, May 31st. Goldman Sachs Group set a $76.00 target price on shares of Williams-Sonoma and gave the stock a “buy” rating in a research report on Monday. UBS Group increased their target price on shares of Williams-Sonoma from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Wedbush restated a “neutral” rating on shares of Williams-Sonoma in a research report on Monday, August 19th. Finally, Argus increased their target price on shares of Williams-Sonoma to $73.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $62.67.
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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