Williams-Sonoma (WSM) Given “Market Perform” Rating at William Blair

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William Blair restated their market perform rating on shares of Williams-Sonoma (NYSE:WSM) in a research report report published on Thursday morning. William Blair also issued estimates for Williams-Sonoma’s FY2021 earnings at $4.85 EPS.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley lowered their price objective on shares of Williams-Sonoma from $60.00 to $55.00 and set an equal weight rating for the company in a research report on Friday, November 23rd. Zacks Investment Research raised shares of Williams-Sonoma from a sell rating to a hold rating in a research report on Saturday, January 26th. Credit Suisse Group raised shares of Williams-Sonoma to a hold wsm rating and set a $50.00 price objective for the company in a research report on Thursday, December 20th. Evercore ISI started coverage on shares of Williams-Sonoma in a research report on Wednesday. They set an in-line rating and a $60.00 price objective for the company. Finally, Citigroup lowered their price objective on shares of Williams-Sonoma from $70.00 to $58.00 and set a neutral rating for the company in a research report on Wednesday, November 21st. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company. Williams-Sonoma currently has an average rating of Hold and an average price target of $59.56.

Shares of WSM traded down $0.65 during midday trading on Thursday, hitting $58.57. The company had a trading volume of 27,892 shares, compared to its average volume of 1,457,252. The company has a market capitalization of $4.56 billion, a P/E ratio of 13.12, a PEG ratio of 1.76 and a beta of 0.94. Williams-Sonoma has a 52 week low of $45.01 and a 52 week high of $73.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.38 and a current ratio of 1.54.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.13. Williams-Sonoma had a net margin of 5.88% and a return on equity of 32.72%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Williams-Sonoma will post 4.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 26th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.28%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 25th. Williams-Sonoma’s payout ratio is presently 38.57%.

Institutional investors have recently bought and sold shares of the business. Grace & White Inc. NY boosted its stake in Williams-Sonoma by 7.5% during the 4th quarter. Grace & White Inc. NY now owns 118,700 shares of the specialty retailer’s stock valued at $5,989,000 after purchasing an additional 8,300 shares during the period. Cullinan Associates Inc. acquired a new stake in shares of Williams-Sonoma in the 4th quarter worth approximately $2,568,000. Vanguard Group Inc. lifted its stake 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 worth $477,817,000 after acquiring an additional 515,402 shares during the period. Bank of Montreal Can lifted its stake in shares of Williams-Sonoma by 558.6% in the 4th quarter. Bank of Montreal Can now owns 384,269 shares of the specialty retailer’s stock worth $19,387,000 after acquiring an additional 325,924 shares during the period. Finally, IMS Capital Management acquired a new stake in shares of Williams-Sonoma in the 3rd quarter worth approximately $33,000.

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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