Williams-Sonoma (NYSE:WSM) Upgraded to B- by TheStreet

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TheStreet upgraded shares of Williams-Sonoma (NYSE:WSM) from a c+ rating to a b- rating in a research report report published on Thursday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also commented on WSM. Royal Bank of Canada cut their price objective on shares of Williams-Sonoma from $37.00 to $29.00 in a report on Thursday, March 19th. Loop Capital cut their price target on Williams-Sonoma from $70.00 to $40.00 and set a hold rating on the stock in a research note on Friday, March 20th. Barclays raised their price objective on Williams-Sonoma from $43.00 to $72.00 and gave the company an overweight rating in a research note on Thursday, May 14th. Telsey Advisory Group cut their target price on Williams-Sonoma from $80.00 to $60.00 and set a market perform rating on the stock in a research report on Monday, March 16th. Finally, ValuEngine downgraded shares of Williams-Sonoma from a hold rating to a sell rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $60.00.

Shares of NYSE:WSM opened at $66.49 on Thursday. The business’s 50-day simple moving average is $56.80 and its 200 day simple moving average is $64.26. The company has a market cap of $5.14 billion, a P/E ratio of 14.81, a PEG ratio of 1.97 and a beta of 1.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 1.09. Williams-Sonoma has a one year low of $26.01 and a one year high of $77.00.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.08. Williams-Sonoma had a net margin of 6.04% and a return on equity of 33.13%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $2.10 earnings per share. Williams-Sonoma’s revenue for the quarter was up .4% on a year-over-year basis. Analysts predict that Williams-Sonoma will post 3.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, April 24th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, April 23rd. Williams-Sonoma’s payout ratio is 39.67%.

In other Williams-Sonoma news, Director Scott Arnold Dahnke bought 10,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were purchased at an average price of $40.01 per share, with a total value of $400,100.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $800,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 17,699 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $70.24, for a total value of $1,243,177.76. Following the transaction, the chief executive officer now owns 519,582 shares of the company’s stock, valued at approximately $36,495,439.68. The disclosure for this sale can be found here. Insiders have sold 29,177 shares of company stock valued at $1,909,694 in the last 90 days. Insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of WSM. Shine Investment Advisory Services Inc. acquired a new stake in Williams-Sonoma in the fourth quarter worth about $29,000. Arden Trust Co bought a new stake in shares of Williams-Sonoma during the 1st quarter worth about $32,000. Citizens Financial Group Inc RI acquired a new stake in shares of Williams-Sonoma in the 4th quarter worth approximately $36,000. Nvwm LLC bought a new position in shares of Williams-Sonoma in the first quarter valued at approximately $37,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Williams-Sonoma during the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 98.16% of the company’s stock.

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.

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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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