Wedbush Analysts Lift Earnings Estimates for Williams-Sonoma, Inc. (WSM)

Williams-Sonoma, Inc. (NYSE:WSM) – Research analysts at Wedbush upped their FY2020 EPS estimates for shares of Williams-Sonoma in a research note issued to investors on Thursday, March 21st, Zacks Investment Research reports. Wedbush analyst S. Basham now anticipates that the specialty retailer will earn $4.69 per share for the year, up from their previous estimate of $4.62. Wedbush also issued estimates for Williams-Sonoma’s Q4 2020 earnings at $2.15 EPS and FY2021 earnings at $4.83 EPS.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $2.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.13. Williams-Sonoma had a return on equity of 32.48% and a net margin of 5.88%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Monday, March 25th. Credit Suisse Group raised Williams-Sonoma to a “hold wsm” rating and set a $50.00 price target for the company in a report on Thursday, December 20th. Evercore ISI initiated coverage on Williams-Sonoma in a report on Wednesday, March 20th. They issued an “in-line” rating and a $60.00 price target for the company. William Blair reaffirmed a “market perform” rating on shares of Williams-Sonoma in a report on Thursday, March 21st. Finally, Royal Bank of Canada upped their price target on Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.33.

WSM traded down $1.19 on Friday, reaching $56.53. The company’s stock had a trading volume of 1,868,392 shares, compared to its average volume of 1,436,073. The company has a quick ratio of 0.53, a current ratio of 1.58 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. Williams-Sonoma has a fifty-two week low of $45.01 and a fifty-two week high of $73.99.

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its stake in shares of Williams-Sonoma by 48.8% during the fourth quarter. FMR LLC now owns 6,115,918 shares of the specialty retailer’s stock worth $308,548,000 after purchasing an additional 2,004,426 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of 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 worth $32,000 after purchasing an additional 1,587,286 shares during the last quarter. Norges Bank purchased a new stake in shares of Williams-Sonoma during the fourth quarter worth approximately $56,083,000. JPMorgan Chase & Co. raised its stake in shares of Williams-Sonoma by 642.9% during the third quarter. JPMorgan Chase & Co. now owns 977,986 shares of the specialty retailer’s stock worth $64,273,000 after purchasing an additional 846,345 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Williams-Sonoma by 7.6% during the third quarter. Vanguard Group Inc. now owns 7,270,491 shares of the specialty retailer’s stock worth $477,817,000 after purchasing an additional 515,402 shares during the last quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 26th will be paid a $0.48 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.92 dividend on an annualized basis and a yield of 3.40%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.43. Williams-Sonoma’s payout ratio is currently 38.57%.

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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