Williams-Sonoma (WSM) Raised to Hold at ValuEngine

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.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 23rd. The specialty retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Williams-Sonoma had a net margin of 4.93% and a return on equity of 27.10%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. sell-side analysts forecast that Williams-Sonoma will post 4.23 earnings per share for the current year.

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.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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