Williams-Sonoma (WSM) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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Williams-Sonoma (NYSE:WSM) issued its quarterly earnings data on Thursday. The specialty retailer reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.01, Morningstar.com reports. Williams-Sonoma had a return on equity of 28.68% and a net margin of 4.84%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion.

WSM stock traded down $6.86 during midday trading on Friday, hitting $53.70. The company had a trading volume of 5,189,059 shares, compared to its average volume of 1,728,181. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 1.56. Williams-Sonoma has a 52 week low of $44.01 and a 52 week high of $73.99. The company has a market capitalization of $5.23 billion, a P/E ratio of 14.88, a PEG ratio of 1.92 and a beta of 0.95.

The business 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 3.20%. Williams-Sonoma’s payout ratio is currently 47.65%.

A number of research firms recently weighed in on WSM. Zacks Investment Research downgraded Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Deutsche Bank dropped their target price on Williams-Sonoma from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Friday. Wedbush set a $63.00 target price on Williams-Sonoma and gave the stock a “hold” rating in a research report on Friday. Credit Suisse Group set a $50.00 target price on Williams-Sonoma and gave the stock a “sell” rating in a research report on Friday. Finally, Citigroup boosted their target price on Williams-Sonoma from $67.00 to $70.00 and gave the stock a “neutral” rating in a research 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. The company presently has an average rating of “Hold” and an average target price of $59.05.

In related news, EVP David Randolph King sold 24,323 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $68.88, for a total transaction of $1,675,368.24. Following the completion of the transaction, the executive vice president now owns 17,589 shares in the company, valued at $1,211,530.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Janet Hayes sold 14,376 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were 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 approximately $3,056,940.90. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in shares of Williams-Sonoma during the second quarter valued at approximately $101,000. JNBA Financial Advisors bought a new position in shares of Williams-Sonoma during the third quarter valued at approximately $168,000. First Mercantile Trust Co. bought a new position in shares of Williams-Sonoma during the second quarter valued at approximately $175,000. Point72 Hong Kong Ltd grew its stake in Williams-Sonoma by 98.4% in the third quarter. Point72 Hong Kong Ltd now owns 2,670 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 1,324 shares during the period. Finally, Enterprise Financial Services Corp purchased a new stake in Williams-Sonoma in the second quarter worth $177,000.

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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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