$1.83 Billion in Sales Expected for Williams-Sonoma, Inc. (NYSE:WSM) This Quarter

Analysts expect that Williams-Sonoma, Inc. (NYSE:WSM) will report $1.83 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Williams-Sonoma’s earnings. The lowest sales estimate is $1.77 billion and the highest is $1.90 billion. Williams-Sonoma posted sales of $1.84 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The firm is scheduled to issue its next earnings results on Wednesday, March 18th.

On average, analysts expect that Williams-Sonoma will report full-year sales of $5.88 billion for the current fiscal year, with estimates ranging from $5.82 billion to $5.96 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.04 billion, with estimates ranging from $5.90 billion to $6.13 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 21st. The specialty retailer reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Williams-Sonoma had a net margin of 5.86% and a return on equity of 33.81%. Williams-Sonoma’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS.

A number of research analysts recently commented on WSM shares. Morgan Stanley reissued a “sell” rating and issued a $60.00 price target (up from $56.00) on shares of Williams-Sonoma in a report on Friday, November 22nd. Wolfe Research assumed coverage on shares of Williams-Sonoma in a report on Tuesday, October 8th. They set a “hold” rating and a $76.00 price objective for the company. Goldman Sachs Group set a $76.00 price objective on shares of Williams-Sonoma and gave the company a “buy” rating in a research report on Monday, August 26th. KeyCorp reissued a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Williams-Sonoma from $55.00 to $64.00 and gave the stock an “underweight” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.44.

In other news, CEO Laura Alber sold 35,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $70.57, for a total transaction of $2,469,950.00. Following the sale, the chief executive officer now directly owns 411,861 shares in the company, valued at approximately $29,065,030.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Williams-Sonoma by 2.3% during the 2nd quarter. BlackRock Inc. now owns 7,772,596 shares of the specialty retailer’s stock valued at $505,218,000 after purchasing an additional 177,769 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Williams-Sonoma by 12.6% during the second quarter. AQR Capital Management LLC now owns 1,862,568 shares of the specialty retailer’s stock valued at $121,067,000 after buying an additional 208,977 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Williams-Sonoma by 6.1% during the second quarter. Bank of New York Mellon Corp now owns 1,777,631 shares of the specialty retailer’s stock valued at $115,545,000 after buying an additional 102,861 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Williams-Sonoma by 125.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,472,015 shares of the specialty retailer’s stock worth $95,681,000 after buying an additional 818,015 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Williams-Sonoma by 10.2% in the second quarter. LSV Asset Management now owns 1,339,276 shares of the specialty retailer’s stock worth $87,052,000 after buying an additional 123,981 shares during the period. 99.21% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:WSM traded up $2.23 during trading on Thursday, hitting $70.38. 910,722 shares of the company’s stock were exchanged, compared to its average volume of 1,207,866. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.29 and a quick ratio of 0.31. Williams-Sonoma has a 52-week low of $45.01 and a 52-week high of $74.15. The business’s 50-day simple moving average is $69.31 and its 200 day simple moving average is $65.25. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.51 and a beta of 0.86.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, October 25th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, October 24th. Williams-Sonoma’s dividend payout ratio is presently 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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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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