Telsey Advisory Group Comments on Williams-Sonoma, Inc.’s Q2 2023 Earnings (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSMGet Rating) – Research analysts at Telsey Advisory Group boosted their Q2 2023 earnings per share (EPS) estimates for shares of Williams-Sonoma in a report released on Thursday, May 26th. Telsey Advisory Group analyst C. Fernandez now forecasts that the specialty retailer will earn $3.57 per share for the quarter, up from their previous estimate of $3.36. Telsey Advisory Group currently has a “Outperform” rating and a $165.00 target price on the stock. Telsey Advisory Group also issued estimates for Williams-Sonoma’s Q2 2024 earnings at $3.75 EPS, Q3 2024 earnings at $3.83 EPS and Q4 2024 earnings at $5.89 EPS.

Other research analysts have also issued reports about the company. Wedbush lowered their price objective on Williams-Sonoma to $155.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research note on Friday, May 20th. UBS Group lowered their target price on shares of Williams-Sonoma from $140.00 to $100.00 and set a “sell” rating on the stock in a research report on Tuesday. Robert W. Baird cut their price objective on shares of Williams-Sonoma from $175.00 to $150.00 in a research report on Thursday. Finally, The Goldman Sachs Group upped their price objective on Williams-Sonoma from $149.00 to $166.00 and gave the stock a “sell” rating in a report on Monday, March 21st. Six research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $163.63.

NYSE WSM opened at $130.00 on Friday. Williams-Sonoma has a 1-year low of $101.58 and a 1-year high of $223.32. The company has a market cap of $9.10 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.53. The stock’s 50 day simple moving average is $137.41 and its 200-day simple moving average is $156.78.

Williams-Sonoma (NYSE:WSMGet Rating) last issued its earnings results on Wednesday, May 25th. The specialty retailer reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.60. Williams-Sonoma had a net margin of 13.66% and a return on equity of 73.38%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $2.93 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in WSM. MAI Capital Management increased its stake in Williams-Sonoma by 0.5% during the fourth quarter. MAI Capital Management now owns 12,234 shares of the specialty retailer’s stock valued at $2,069,000 after acquiring an additional 65 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Williams-Sonoma by 3.5% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 2,166 shares of the specialty retailer’s stock worth $366,000 after purchasing an additional 73 shares during the period. Leuthold Group LLC boosted its position in shares of Williams-Sonoma by 0.3% during the 3rd quarter. Leuthold Group LLC now owns 24,631 shares of the specialty retailer’s stock valued at $4,368,000 after acquiring an additional 74 shares in the last quarter. Strategic Investment Advisors MI grew its stake in shares of Williams-Sonoma by 1.8% in the 4th quarter. Strategic Investment Advisors MI now owns 4,585 shares of the specialty retailer’s stock valued at $775,000 after purchasing an additional 79 shares during the period. Finally, Albion Financial Group UT raised its stake in Williams-Sonoma by 1.0% during the fourth quarter. Albion Financial Group UT now owns 8,109 shares of the specialty retailer’s stock worth $1,371,000 after acquiring an additional 79 shares in the last quarter. 99.66% of the stock is owned by institutional investors and hedge funds.

In other news, Director Sabrina Simmons sold 5,000 shares of the company’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $164.11, for a total transaction of $820,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laura Alber sold 20,000 shares of the company’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 sold 27,030 shares of company stock worth $4,173,666 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, April 22nd will be paid a $0.78 dividend. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, April 21st. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. Williams-Sonoma’s payout ratio is presently 21.07%.

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 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.

Further Reading

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

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