Williams-Sonoma, Inc. (NYSE:WSM) Receives $66.00 Average PT from Analysts

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have received an average recommendation of “Hold” from the twenty-two analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $66.44.

Several equities research analysts recently commented on WSM shares. Citigroup set a $70.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a research report on Thursday, August 29th. Robert W. Baird increased their target price on shares of Williams-Sonoma from $58.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Wolfe Research initiated coverage on shares of Williams-Sonoma in a research report on Tuesday, October 8th. They set a “hold” rating and a $76.00 price target on the stock. KeyCorp reissued a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 29th. Finally, Wedbush restated a “hold” rating and issued a $67.00 price objective on shares of Williams-Sonoma in a research report on Friday, November 22nd.

WSM traded up $0.98 during trading on Friday, reaching $68.46. The company had a trading volume of 408,922 shares, compared to its average volume of 1,244,439. The firm’s 50-day simple moving average is $69.34 and its 200 day simple moving average is $65.02. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.31 and a current ratio of 1.29. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.54 and a beta of 0.86. Williams-Sonoma has a 12-month low of $45.01 and a 12-month high of $74.15.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, November 21st. The specialty retailer reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. Williams-Sonoma had a net margin of 5.86% and a return on equity of 33.81%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Williams-Sonoma will post 4.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, October 25th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.92 annualized dividend and a dividend yield of 2.80%. Williams-Sonoma’s dividend payout ratio is currently 43.05%.

In other news, insider Alex Bellos sold 4,820 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares in the company, valued at approximately $533,549.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of Williams-Sonoma stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $70.57, for a total value of $2,469,950.00. Following the completion of the sale, the chief executive officer now directly owns 411,861 shares in the company, valued at approximately $29,065,030.77. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSM. Marshall Wace North America L.P. bought a new stake in shares of Williams-Sonoma in the 1st quarter valued at about $56,000. Amundi Pioneer Asset Management Inc. increased its position in shares of Williams-Sonoma by 5.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 37,903 shares of the specialty retailer’s stock worth $2,133,000 after purchasing an additional 1,839 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Williams-Sonoma by 1.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 19,876 shares of the specialty retailer’s stock valued at $1,290,000 after purchasing an additional 352 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Williams-Sonoma during the 2nd quarter valued at $9,424,000. Finally, Mount Vernon Associates Inc. MD boosted its position in shares of Williams-Sonoma by 97.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 9,665 shares of the specialty retailer’s stock worth $628,000 after purchasing an additional 4,770 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.

Williams-Sonoma Company Profile

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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