Williams-Sonoma (WSM) to Release Earnings on Wednesday

Williams-Sonoma (NYSE:WSM) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 22nd. Analysts expect Williams-Sonoma to post earnings of $2.78 per share for the quarter. Williams-Sonoma has set its FY 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, beating the consensus estimate of $5.06 by $0.38. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $5.50 earnings per share. On average, analysts expect Williams-Sonoma to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $309.50 on Monday. The firm has a fifty day moving average price of $296.96 and a 200 day moving average price of $234.36. Williams-Sonoma has a 1-year low of $109.44 and a 1-year high of $322.04. The stock has a market cap of $19.89 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.60 and a beta of 1.72.

Williams-Sonoma Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 19th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s dividend payout ratio (DPR) is currently 31.02%.

Insider Transactions at Williams-Sonoma

In related news, EVP Karalyn Smith sold 1,145 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $289.06, for a total value of $330,973.70. Following the completion of the transaction, the executive vice president now directly owns 6,966 shares of the company’s stock, valued at approximately $2,013,591.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now owns 505,509 shares in the company, valued at $143,433,123.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Smith sold 1,145 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total transaction of $330,973.70. Following the completion of the sale, the executive vice president now owns 6,966 shares in the company, valued at $2,013,591.96. The disclosure for this sale can be found here. Insiders have sold 61,145 shares of company stock valued at $18,552,819 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WSM shares. Wedbush increased their price objective on Williams-Sonoma from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday. Evercore ISI lifted their price objective on shares of Williams-Sonoma from $310.00 to $315.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. Oppenheimer reissued a “market perform” rating on shares of Williams-Sonoma in a research note on Friday, March 15th. JPMorgan Chase & Co. upgraded shares of Williams-Sonoma from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $245.00 to $275.00 in a research note on Friday, May 3rd. Finally, TD Cowen boosted their price target on shares of Williams-Sonoma from $260.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $258.38.

About Williams-Sonoma

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.