Williams-Sonoma (NYSE:WSM) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Williams-Sonoma (NYSE:WSMGet Rating) from a buy rating to a hold rating in a research report released on Tuesday morning.

WSM has been the subject of several other reports. Robert W. Baird reduced their target price on Williams-Sonoma from $185.00 to $175.00 in a report on Thursday, March 17th. Citigroup reduced their price objective on Williams-Sonoma from $225.00 to $165.00 and set a neutral rating for the company in a research note on Tuesday, January 18th. Barclays reduced their price objective on Williams-Sonoma from $219.00 to $186.00 in a research note on Friday, April 1st. Wells Fargo & Company reduced their price objective on Williams-Sonoma from $160.00 to $140.00 and set an equal weight rating for the company in a research note on Thursday, April 7th. Finally, Morgan Stanley reissued a hold rating and issued a $170.00 price objective on shares of Williams-Sonoma in a research note on Friday, March 18th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $177.53.

Shares of NYSE WSM opened at $152.30 on Tuesday. Williams-Sonoma has a 12 month low of $127.85 and a 12 month high of $223.32. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 1.63 and a beta of 1.55. The business has a fifty day simple moving average of $149.65 and a 200-day simple moving average of $168.29.

Williams-Sonoma (NYSE:WSMGet Rating) last announced its earnings results on Wednesday, March 16th. The specialty retailer reported $5.42 EPS for the quarter, beating the consensus estimate of $4.82 by $0.60. Williams-Sonoma had a return on equity of 73.38% and a net margin of 13.66%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business posted $3.95 earnings per share. Williams-Sonoma’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Williams-Sonoma will post 15.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, April 22nd will be issued a dividend of $0.78 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.05%. Williams-Sonoma’s dividend payout ratio is currently 19.18%.

In other Williams-Sonoma news, Director Sabrina Simmons sold 2,030 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $153.85, for a total value of $312,315.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $152.04, for a total value of $3,040,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,030 shares of company stock worth $4,173,666. 1.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Williams-Sonoma in the 4th quarter worth approximately $108,043,000. Bank of America Corp DE lifted its position in shares of Williams-Sonoma by 269.9% in the 2nd quarter. Bank of America Corp DE now owns 583,345 shares of the specialty retailer’s stock worth $93,131,000 after acquiring an additional 425,621 shares during the period. First Trust Advisors LP lifted its position in shares of Williams-Sonoma by 37.4% in the 4th quarter. First Trust Advisors LP now owns 1,135,487 shares of the specialty retailer’s stock worth $192,045,000 after acquiring an additional 309,298 shares during the period. Samlyn Capital LLC bought a new stake in shares of Williams-Sonoma in the 4th quarter worth approximately $49,289,000. Finally, Millennium Management LLC lifted its position in shares of Williams-Sonoma by 731.1% during the 4th quarter. Millennium Management LLC now owns 323,088 shares of the specialty retailer’s stock worth $54,644,000 after buying an additional 284,213 shares during the period. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

About Williams-Sonoma (Get Rating)

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as 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, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

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