Equities analysts expect that Williams-Sonoma, Inc. (NYSE:WSM) will post $1.19 billion in sales for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Williams-Sonoma’s earnings, with estimates ranging from $1.12 billion to $1.21 billion. Williams-Sonoma reported sales of $1.16 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is expected to issue its next earnings report after the market closes on Wednesday, August 23rd.
According to Zacks, analysts expect that Williams-Sonoma will report full year sales of $1.19 billion for the current year, with estimates ranging from $5.20 billion to $5.25 billion. For the next year, analysts forecast that the firm will report sales of $5.42 billion per share, with estimates ranging from $5.31 billion to $5.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Williams-Sonoma.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year.
A number of analysts recently weighed in on the company. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the company a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, August 16th. BTIG Research restated a “sell” rating and issued a $41.00 price objective on shares of Williams-Sonoma in a report on Monday. CIBC restated a “hold” rating on shares of Williams-Sonoma in a report on Friday, May 26th. Finally, Loop Capital restated a “hold” rating and issued a $54.00 price objective on shares of Williams-Sonoma in a report on Monday. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $55.97.
Hedge funds have recently modified their holdings of the stock. Vision Capital Management Inc. increased its stake in shares of Williams-Sonoma by 0.3% in the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock valued at $902,000 after buying an additional 47 shares in the last quarter. Creative Planning increased its stake in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares in the last quarter. US Bancorp DE increased its stake in shares of Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock valued at $1,033,000 after buying an additional 82 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock valued at $1,596,000 after buying an additional 100 shares in the last quarter. Finally, Gofen & Glossberg LLC IL increased its stake in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 120 shares in the last quarter. Institutional investors own 95.52% of the company’s stock.
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Shares of Williams-Sonoma (WSM) opened at 43.80 on Tuesday. Williams-Sonoma has a 52 week low of $43.04 and a 52 week high of $57.40. The firm has a market capitalization of $3.79 billion, a PE ratio of 12.76 and a beta of 0.89. The company’s 50 day moving average price is $45.75 and its 200-day moving average price is $49.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. Williams-Sonoma’s dividend payout ratio is presently 45.35%.
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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