Williams-Sonoma, Inc. (NYSE:WSM) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
A number of other research firms have also weighed in on WSM. ValuEngine raised Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Telsey Advisory Group raised their price objective on Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, May 25th. CIBC reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Friday, May 26th. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the company a “buy” rating in a research report on Saturday, June 10th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $44.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $56.82.
Williams-Sonoma (NYSE:WSM) opened at 46.05 on Thursday. The stock has a market cap of $3.99 billion, a PE ratio of 13.41 and a beta of 0.89. Williams-Sonoma has a 12 month low of $43.96 and a 12 month high of $57.40. The company’s 50 day moving average price is $46.82 and its 200 day moving average price is $49.33.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts forecast that Williams-Sonoma will post $3.56 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in WSM. Tirschwell & Loewy Inc. increased its position in Williams-Sonoma by 1.1% in the second quarter. Tirschwell & Loewy Inc. now owns 144,090 shares of the specialty retailer’s stock valued at $6,988,000 after buying an additional 1,541 shares during the period. Hutchinson Capital Management CA increased its position in Williams-Sonoma by 1.0% in the second quarter. Hutchinson Capital Management CA now owns 348,411 shares of the specialty retailer’s stock valued at $16,898,000 after buying an additional 3,348 shares during the period. Advisors Asset Management Inc. increased its position in Williams-Sonoma by 42.1% in the second quarter. Advisors Asset Management Inc. now owns 59,533 shares of the specialty retailer’s stock valued at $2,887,000 after buying an additional 17,629 shares during the period. Dividend Assets Capital LLC increased its position in Williams-Sonoma by 14.1% in the second quarter. Dividend Assets Capital LLC now owns 7,585 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 935 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Williams-Sonoma by 5.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 93,886 shares of the specialty retailer’s stock valued at $4,539,000 after buying an additional 4,881 shares during the period. Institutional investors own 97.16% of the company’s stock.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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