Williams-Sonoma (WSM) to Release Earnings on Thursday

Williams-Sonoma (NYSE:WSM – Get Rating) is set to issue its quarterly earnings data before the market opens on Thursday, March 16th. Analysts expect the company to announce earnings of $5.39 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $118.27 on Tuesday. The business has a 50 day moving average of $126.68 and a 200-day moving average of $125.89. Williams-Sonoma has a 1 year low of $101.58 and a 1 year high of $176.89. The company has a market capitalization of $7.87 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.88 and a beta of 1.62.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, January 20th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, January 19th. Williams-Sonoma’s dividend payout ratio is currently 18.91%.

Hedge Funds Weigh In On Williams-Sonoma

Large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in Williams-Sonoma by 19.0% during the 1st quarter. Advisory Services Network LLC now owns 1,663 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 266 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Williams-Sonoma by 50.9% during the 3rd quarter. CENTRAL TRUST Co now owns 2,000 shares of the specialty retailer’s stock valued at $236,000 after acquiring an additional 675 shares in the last quarter. SVB Wealth LLC bought a new position in Williams-Sonoma during the 2nd quarter valued at $226,000. Cetera Investment Advisers bought a new position in Williams-Sonoma during the 4th quarter valued at $226,000. Finally, Delphia USA Inc. bought a new position in Williams-Sonoma during the 1st quarter valued at $224,000. 99.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WSM has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Williams-Sonoma from $192.00 to $151.00 and set an “outperform” rating for the company in a research note on Friday, November 18th. Needham & Company LLC started coverage on Williams-Sonoma in a research note on Tuesday, December 13th. They issued a “hold” rating for the company. Wedbush increased their target price on shares of Williams-Sonoma from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, March 9th. Morgan Stanley downgraded shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $150.00 to $100.00 in a research report on Monday, November 28th. Finally, Barclays downgraded shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $192.00 to $114.00 in a research report on Monday, November 21st. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma has an average rating of “Hold” and an average price target of $129.19.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.