Morgan Stanley Initiates Coverage on Williams-Sonoma (WSM)

Morgan Stanley assumed coverage on shares of Williams-Sonoma (NYSE:WSM) in a research report report published on Friday, November 17th. The firm issued a hold rating and a $48.00 price target on the specialty retailer’s stock.

A number of other equities analysts also recently weighed in on WSM. Zacks Investment Research upgraded Williams-Sonoma from a hold rating to a buy rating and set a $50.00 target price on the stock in a research note on Wednesday, August 16th. Jefferies Group restated a hold rating and issued a $49.00 target price on shares of Williams-Sonoma in a research note on Thursday, September 28th. Royal Bank Of Canada boosted their target price on Williams-Sonoma from $49.00 to $50.00 and gave the stock a sector perform rating in a research note on Thursday, August 24th. Oppenheimer restated a hold rating on shares of Williams-Sonoma in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and issued a $60.00 price target (down previously from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $51.39.

Williams-Sonoma (NYSE:WSM) traded down $0.36 during mid-day trading on Friday, reaching $53.44. The company’s stock had a trading volume of 1,570,363 shares, compared to its average volume of 1,731,554. The firm has a market cap of $4,582.93, a P/E ratio of 15.46, a P/E/G ratio of 2.02 and a beta of 0.89. Williams-Sonoma has a fifty-two week low of $42.68 and a fifty-two week high of $56.94.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. research analysts anticipate that Williams-Sonoma will post 3.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th were issued a $0.39 dividend. The ex-dividend date was Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 2.92%. Williams-Sonoma’s payout ratio is currently 44.19%.

Several institutional investors have recently added to or reduced their stakes in WSM. Ffcm LLC purchased a new position in Williams-Sonoma in the third quarter worth $125,000. Alpha Omega Wealth Management LLC grew its position in Williams-Sonoma by 828.3% in the second quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 2,485 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Williams-Sonoma by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after acquiring an additional 274 shares in the last quarter. IFP Advisors Inc grew its position in Williams-Sonoma by 39.8% in the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 838 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in Williams-Sonoma in the second quarter worth $182,000. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Williams-Sonoma

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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