Williams-Sonoma (WSM) Posts Earnings Results, Beats Expectations By $0.01 EPS

Williams-Sonoma (NYSE:WSM) announced its earnings results on Thursday. The specialty retailer reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01, Morningstar.com reports. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%.

Shares of Williams-Sonoma stock opened at $53.76 on Friday. Williams-Sonoma has a 12-month low of $44.01 and a 12-month high of $73.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 0.40. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.82 and a beta of 0.95.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $1.72 dividend on an annualized basis and a yield of 3.20%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.

WSM has been the subject of several analyst reports. Credit Suisse Group set a $55.00 price target on shares of Williams-Sonoma and gave the stock a “sell” rating in a report on Monday, November 5th. Citigroup increased their price target on shares of Williams-Sonoma from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 23rd. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Royal Bank of Canada increased their price target on shares of Williams-Sonoma to $67.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Finally, Morgan Stanley increased their price target on shares of Williams-Sonoma from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, August 23rd. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and an average target price of $58.41.

In other Williams-Sonoma news, EVP David Randolph King sold 24,323 shares of the stock in a transaction dated Friday, August 31st. The shares were 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 of the company’s stock, valued at $1,211,530.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Janet Hayes sold 14,376 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the transaction, the insider now directly owns 44,889 shares of the company’s stock, valued at $3,056,940.90. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Covenant Asset Management LLC increased its holdings in Williams-Sonoma by 21.9% in the third quarter. Covenant Asset Management LLC now owns 4,558 shares of the specialty retailer’s stock valued at $300,000 after buying an additional 820 shares in the last quarter. Bank of Stockton increased its holdings in Williams-Sonoma by 19.5% in the third quarter. Bank of Stockton now owns 5,400 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 880 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Williams-Sonoma by 7.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,281 shares of the specialty retailer’s stock valued at $939,000 after purchasing an additional 958 shares during the last quarter. Marathon Asset Management LLP grew its position in shares of Williams-Sonoma by 0.3% in the second quarter. Marathon Asset Management LLP now owns 367,512 shares of the specialty retailer’s stock valued at $22,558,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Williams-Sonoma by 9.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 11,660 shares of the specialty retailer’s stock valued at $716,000 after purchasing an additional 1,035 shares during the last quarter.

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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 for Williams-Sonoma (NYSE:WSM)

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