Jefferies Financial Group Weighs in on Williams-Sonoma, Inc.’s FY2023 Earnings (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSMGet Rating) – Equities research analysts at Jefferies Financial Group raised their FY2023 earnings estimates for shares of Williams-Sonoma in a report released on Wednesday, May 25th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the specialty retailer will post earnings of $16.35 per share for the year, up from their previous forecast of $16.10. Jefferies Financial Group also issued estimates for Williams-Sonoma’s Q4 2023 earnings at $5.87 EPS and FY2024 earnings at $17.70 EPS.

Other equities research analysts have also issued reports about the company. Robert W. Baird decreased their price target on Williams-Sonoma from $175.00 to $150.00 in a research report on Thursday. Morgan Stanley decreased their price objective on Williams-Sonoma from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their price objective on Williams-Sonoma from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday. Citigroup decreased their price objective on Williams-Sonoma from $168.00 to $138.00 in a research report on Friday, May 13th. Finally, Telsey Advisory Group decreased their price objective on Williams-Sonoma from $198.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $162.95.

Williams-Sonoma stock opened at $130.00 on Friday. The business has a 50 day moving average price of $137.41 and a two-hundred day moving average price of $156.78. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.53. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $223.32.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The specialty retailer reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.90 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 $1.89 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $2.93 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, April 22nd will be issued a dividend of $0.78 per share. 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 2.40%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.71. Williams-Sonoma’s dividend payout ratio (DPR) is presently 21.07%.

In other news, Director Sabrina Simmons sold 2,030 shares of the business’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 transaction of $312,315.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was 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. Insiders have sold 27,030 shares of company stock valued at $4,173,666 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSM. Norges Bank acquired a new position in Williams-Sonoma during the fourth quarter valued at approximately $108,043,000. HS Management Partners LLC raised its position in Williams-Sonoma by 61.6% during the first quarter. HS Management Partners LLC now owns 1,655,704 shares of the specialty retailer’s stock valued at $240,077,000 after purchasing an additional 630,830 shares in the last quarter. First Trust Advisors LP raised 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 valued at $192,045,000 after purchasing an additional 309,298 shares in the last quarter. Samlyn Capital LLC bought a new stake in shares of Williams-Sonoma during the fourth quarter worth $49,289,000. Finally, Millennium Management LLC grew its stake in shares of Williams-Sonoma by 731.1% during the fourth 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 last quarter. Institutional investors own 99.66% of the company’s stock.

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 Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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