Zacks: Brokerages Anticipate Williams-Sonoma, Inc. (NYSE:WSM) to Post $2.97 Earnings Per Share

Equities research analysts predict that Williams-Sonoma, Inc. (NYSE:WSMGet Rating) will post $2.97 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Williams-Sonoma’s earnings, with the lowest EPS estimate coming in at $2.67 and the highest estimate coming in at $3.25. Williams-Sonoma posted earnings per share of $2.93 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Williams-Sonoma will report full year earnings of $15.75 per share for the current fiscal year, with EPS estimates ranging from $14.60 to $16.57. For the next financial year, analysts forecast that the business will report earnings of $16.32 per share, with EPS estimates ranging from $14.43 to $17.85. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Williams-Sonoma.

Williams-Sonoma (NYSE:WSMGet Rating) last announced its earnings results on Wednesday, March 16th. The specialty retailer reported $5.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.82 by $0.60. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.58 billion. Williams-Sonoma had a net margin of 13.66% and a return on equity of 73.38%. Williams-Sonoma’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $3.95 earnings per share.

Several brokerages have weighed in on WSM. Telsey Advisory Group lowered their target price on shares of Williams-Sonoma from $250.00 to $195.00 and set an “outperform” rating for the company in a research note on Monday, March 14th. Barclays decreased their price target on shares of Williams-Sonoma from $219.00 to $186.00 in a report on Friday, April 1st. Citigroup decreased their price target on shares of Williams-Sonoma from $225.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, January 18th. The Goldman Sachs Group raised their price target on shares of Williams-Sonoma from $149.00 to $166.00 and gave the stock a “sell” rating in a report on Monday, March 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Williams-Sonoma in a report on Thursday, March 31st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $177.53.

Shares of WSM opened at $130.48 on Friday. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55. Williams-Sonoma has a twelve month low of $127.85 and a twelve month high of $223.32. The company has a 50 day moving average of $146.29 and a two-hundred day moving average of $165.07.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, April 22nd will be issued a $0.78 dividend. This is a boost 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 yield of 2.39%. Williams-Sonoma’s payout ratio is presently 21.07%.

In other news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $152.04, for a total value of $3,040,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sabrina Simmons sold 5,000 shares of Williams-Sonoma stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $164.11, for a total transaction of $820,550.00. The disclosure for this sale can be found here. Insiders sold 27,030 shares of company stock valued at $4,173,666 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its position in shares of Williams-Sonoma by 8.4% in the fourth quarter. State Street Corp now owns 2,555,841 shares of the specialty retailer’s stock valued at $432,269,000 after purchasing an additional 198,409 shares during the period. Geode Capital Management LLC boosted its position in Williams-Sonoma by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,142,147 shares of the specialty retailer’s stock worth $202,532,000 after acquiring an additional 115,657 shares during the last quarter. First Trust Advisors LP boosted its position in Williams-Sonoma by 37.4% during the fourth 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 last quarter. HS Management Partners LLC boosted its position in Williams-Sonoma by 4.7% during the third quarter. HS Management Partners LLC now owns 1,022,484 shares of the specialty retailer’s stock worth $181,317,000 after acquiring an additional 46,315 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its position in Williams-Sonoma by 0.7% during the third quarter. Congress Asset Management Co. MA now owns 917,036 shares of the specialty retailer’s stock worth $162,618,000 after acquiring an additional 6,064 shares during the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.

Williams-Sonoma Company Profile (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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