Williams-Sonoma, Inc. (NYSE:WSM) Given Average Recommendation of “Hold” by Brokerages

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have been given an average rating of “Hold” by the twenty-five brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $62.67.

WSM has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 10th. Wedbush set a $63.00 price target on shares of Williams-Sonoma and gave the stock a “hold” rating in a research note on Thursday, August 29th. Argus increased their price objective on shares of Williams-Sonoma to $73.00 and gave the company a “positive” rating in a research note on Monday, July 15th. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $61.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, August 29th. Finally, Raymond James reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th.

Shares of NYSE:WSM traded up $0.73 on Friday, reaching $67.99. 611,423 shares of the company were exchanged, compared to its average volume of 1,531,939. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29. Williams-Sonoma has a 1-year low of $45.01 and a 1-year high of $70.58. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. The company has a 50-day moving average of $65.60 and a 200-day moving average of $60.53.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. Williams-Sonoma had a net margin of 6.07% and a return on equity of 33.89%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts forecast that Williams-Sonoma will post 4.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, July 26th were issued a $0.48 dividend. The ex-dividend date was Thursday, July 25th. This represents a $1.92 dividend on an annualized basis and a yield of 2.82%. Williams-Sonoma’s dividend payout ratio (DPR) is 43.05%.

In other Williams-Sonoma news, insider Alex Bellos sold 4,820 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $65.25, for a total value of $314,505.00. Following the transaction, the insider now directly owns 8,177 shares in the company, valued at approximately $533,549.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the transaction, the insider now owns 17,061 shares in the company, valued at $1,050,957.60. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Atria Investments LLC purchased a new position in shares of Williams-Sonoma during the 2nd quarter worth about $245,000. BlackRock Inc. lifted its holdings in shares of Williams-Sonoma by 2.3% during the 2nd quarter. BlackRock Inc. now owns 7,772,596 shares of the specialty retailer’s stock worth $505,218,000 after acquiring an additional 177,769 shares during the period. Phocas Financial Corp. lifted its holdings in shares of Williams-Sonoma by 16.7% during the 2nd quarter. Phocas Financial Corp. now owns 106,363 shares of the specialty retailer’s stock worth $6,914,000 after acquiring an additional 15,259 shares during the period. Magnetar Financial LLC purchased a new position in shares of Williams-Sonoma during the 2nd quarter worth about $757,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Williams-Sonoma by 5.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,269 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 178 shares during the period.

Williams-Sonoma Company Profile

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.

Featured Story: Why do commodities matter?

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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.