ValuEngine upgraded shares of Williams-Sonoma (NYSE:WSM) from a sell rating to a hold rating in a research report report published on Tuesday.
A number of other equities research analysts also recently commented on WSM. Zacks Investment Research raised shares of Williams-Sonoma from a hold rating to a buy rating and set a $57.00 target price for the company in a research report on Saturday, February 3rd. Gordon Haskett raised shares of Williams-Sonoma from a reduce rating to a hold rating and set a $61.00 target price for the company in a research report on Wednesday, March 14th. Loop Capital lifted their target price on shares of Williams-Sonoma to $55.00 and gave the stock a hold rating in a research report on Thursday, March 15th. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on shares of Williams-Sonoma from $54.00 to $58.00 and gave the company a hold rating in a research report on Thursday, March 15th. Finally, Credit Suisse Group set a $48.00 price objective on shares of Williams-Sonoma and gave the company an underperform rating in a research report on Thursday, March 15th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $53.00.
NYSE:WSM opened at $55.37 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.25. Williams-Sonoma has a 12 month low of $42.68 and a 12 month high of $56.44. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.50 and a beta of 0.73.
The company also recently announced a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, April 27th were issued a $0.43 dividend. The ex-dividend date was Thursday, April 26th. This represents a $1.72 annualized dividend and a yield of 3.11%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio is currently 47.65%.
Williams-Sonoma declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 14th that permits the company to repurchase $286.00 million in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In other Williams-Sonoma news, insider Janet Hayes sold 9,034 shares of the business’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total value of $466,696.44. Following the sale, the insider now owns 38,563 shares in the company, valued at approximately $1,992,164.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Laura Alber sold 97,965 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $54.21, for a total transaction of $5,310,682.65. Following the completion of the sale, the chief executive officer now owns 264,621 shares in the company, valued at approximately $14,345,104.41. The disclosure for this sale can be found here. Insiders sold a total of 136,999 shares of company stock valued at $7,411,479 in the last ninety days. 1.00% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Rational Advisors LLC purchased a new stake in Williams-Sonoma in the 4th quarter worth $171,000. Covenant Asset Management LLC purchased a new stake in Williams-Sonoma in the 1st quarter worth $208,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Williams-Sonoma by 49.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock worth $224,000 after purchasing an additional 1,429 shares in the last quarter. Princeton Portfolio Strategies Group LLC purchased a new stake in Williams-Sonoma in the 1st quarter worth $226,000. Finally, Quadrature Capital Ltd purchased a new stake in Williams-Sonoma in the 4th quarter worth $236,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.