Williams-Sonoma, Inc. (WSM) Receives Average Recommendation of “Hold” from Analysts

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $59.33.

Several research firms have recently commented on WSM. William Blair restated a “market perform” rating on shares of Williams-Sonoma in a research report on Thursday, March 21st. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Monday, March 25th. Royal Bank of Canada upped their price target on shares of Williams-Sonoma to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 21st. Evercore ISI initiated coverage on shares of Williams-Sonoma in a research report on Wednesday, March 20th. They set an “in-line” rating and a $60.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating for the company in a research report on Monday, March 18th.

Williams-Sonoma stock opened at $57.62 on Thursday. The stock has a market cap of $4.44 billion, a PE ratio of 12.92, a PEG ratio of 1.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.58 and a quick ratio of 0.53. Williams-Sonoma has a one year low of $45.01 and a one year high of $73.99.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $2.10 EPS for the quarter, topping the consensus estimate of $1.97 by $0.13. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.80 billion. Williams-Sonoma had a net margin of 5.88% and a return on equity of 32.48%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 earnings per share. Equities research analysts predict that Williams-Sonoma will post 4.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 26th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, April 25th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.43. Williams-Sonoma’s dividend payout ratio is currently 38.57%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Williams-Sonoma by 48.8% in the 4th quarter. FMR LLC now owns 6,115,918 shares of the specialty retailer’s stock valued at $308,548,000 after acquiring an additional 2,004,426 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Williams-Sonoma by 5,231.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 1,587,286 shares in the last quarter. Norges Bank acquired a new position in shares of Williams-Sonoma in the 4th quarter valued at about $56,083,000. JPMorgan Chase & Co. increased its holdings in shares of Williams-Sonoma by 642.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 977,986 shares of the specialty retailer’s stock valued at $64,273,000 after purchasing an additional 846,345 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Williams-Sonoma by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,270,491 shares of the specialty retailer’s stock valued at $477,817,000 after purchasing an additional 515,402 shares during the period.

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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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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