Williams-Sonoma (WSM) Updates FY 2018 Earnings Guidance

Williams-Sonoma (NYSE:WSM) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $4.26-4.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.34. The company issued revenue guidance of $5.565-5.665 billion, compared to the consensus revenue estimate of $5.65 billion.Williams-Sonoma also updated its Q4 2018 guidance to $1.89-1.99 EPS.

Several research firms have recently commented on WSM. Citigroup boosted their price objective on Williams-Sonoma from $67.00 to $70.00 and gave the company a neutral rating in a report on Thursday, August 23rd. Stifel Nicolaus boosted their price objective on Williams-Sonoma from $58.00 to $66.00 and gave the company a hold rating in a report on Thursday, August 23rd. Morgan Stanley lifted their target price on Williams-Sonoma from $57.00 to $60.00 and gave the company an equal weight rating in a research report on Thursday, October 11th. Zacks Investment Research cut Williams-Sonoma from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Finally, Credit Suisse Group set a $55.00 target price on Williams-Sonoma and gave the company a sell rating in a research report on Thursday, August 23rd. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. Williams-Sonoma currently has a consensus rating of Hold and an average target price of $59.23.

Shares of NYSE:WSM traded down $1.22 during mid-day trading on Thursday, hitting $60.56. 4,284,051 shares of the company traded hands, compared to its average volume of 1,856,004. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.89 and a beta of 0.95. The company has a quick ratio of 0.40, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. Williams-Sonoma has a 12-month low of $44.01 and a 12-month high of $73.99.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.09. Williams-Sonoma had a return on equity of 28.68% and a net margin of 4.84%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Williams-Sonoma will post 4.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be given a $0.43 dividend. The ex-dividend date is Thursday, October 25th. This represents a $1.72 annualized dividend and a yield of 2.84%. Williams-Sonoma’s dividend payout ratio is currently 47.65%.

In other Williams-Sonoma news, insider Janet Hayes sold 14,376 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.10, for a total value of $979,005.60. Following the transaction, the insider now owns 44,889 shares of the company’s stock, valued at $3,056,940.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Randolph King sold 24,323 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $68.88, for a total value of $1,675,368.24. Following the completion of the transaction, the executive vice president now directly owns 17,589 shares in the company, valued at approximately $1,211,530.32. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

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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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