Q1 2024 Earnings Estimate for Williams-Sonoma, Inc. (NYSE:WSM) Issued By Telsey Advisory Group

Posted by Defense World Staff on May 20th, 2023

Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) – Telsey Advisory Group reduced their Q1 2024 EPS estimates for shares of Williams-Sonoma in a research note issued on Thursday, May 18th. Telsey Advisory Group analyst C. Fernandez now expects that the specialty retailer will earn $2.42 per share for the quarter, down from their prior estimate of $2.48. Telsey Advisory Group has a “Outperform” rating and a $142.00 price objective on the stock. The consensus estimate for Williams-Sonoma’s current full-year earnings is $13.43 per share. Telsey Advisory Group also issued estimates for Williams-Sonoma’s Q2 2024 earnings at $2.68 EPS, FY2024 earnings at $13.20 EPS, Q1 2025 earnings at $2.64 EPS, Q2 2025 earnings at $2.96 EPS, Q4 2025 earnings at $5.31 EPS and FY2025 earnings at $14.00 EPS.

Williams-Sonoma (NYSE:WSM – Get Rating) last issued its earnings results on Thursday, March 16th. The specialty retailer reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $0.09. Williams-Sonoma had a return on equity of 80.17% and a net margin of 13.00%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company posted $5.42 earnings per share. Williams-Sonoma’s revenue was down 1.9% on a year-over-year basis.

WSM has been the topic of several other research reports. Citigroup cut their target price on Williams-Sonoma from $127.00 to $123.00 in a research note on Thursday. Robert W. Baird decreased their target price on Williams-Sonoma from $140.00 to $130.00 in a research note on Friday, March 17th. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a research report on Tuesday, March 21st. Loop Capital dropped their price target on Williams-Sonoma from $205.00 to $185.00 in a report on Friday, March 17th. Finally, Bank of America reduced their price target on Williams-Sonoma from $114.00 to $108.00 in a research report on Friday, March 17th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $126.76.

Williams-Sonoma Stock Down 2.8 %

Williams-Sonoma stock opened at $114.79 on Friday. Williams-Sonoma has a 12-month low of $101.58 and a 12-month high of $176.89. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 0.86 and a beta of 1.61. The business’s 50-day simple moving average is $118.15 and its 200 day simple moving average is $121.50.

Williams-Sonoma Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 21st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.60 annualized dividend and a dividend yield of 3.14%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.78. Williams-Sonoma’s dividend payout ratio is presently 21.99%.

Institutional Trading of Williams-Sonoma

Several institutional investors have recently added to or reduced their stakes in WSM. Great West Life Assurance Co. Can raised its holdings in Williams-Sonoma by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 46,227 shares of the specialty retailer’s stock valued at $6,915,000 after acquiring an additional 3,373 shares during the period. Aviva PLC grew its holdings in shares of Williams-Sonoma by 9.7% during the first quarter. Aviva PLC now owns 14,762 shares of the specialty retailer’s stock valued at $2,140,000 after buying an additional 1,300 shares during the last quarter. Baird Financial Group Inc. grew its position in Williams-Sonoma by 0.3% during the 1st quarter. Baird Financial Group Inc. now owns 391,118 shares of the specialty retailer’s stock worth $56,712,000 after purchasing an additional 1,049 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Williams-Sonoma by 1,415.9% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the specialty retailer’s stock valued at $303,000 after buying an additional 1,954 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Williams-Sonoma in the 1st quarter worth approximately $292,000. 99.49% of the stock is currently owned by hedge funds and other institutional investors.

About Williams-Sonoma

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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.