News articles about Williams-Sonoma (NYSE:WSM) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Williams-Sonoma earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 46.8136099449791 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Target’s Bullseye Is In My Line Of Sight (seekingalpha.com)
- Contrasting The Tile Shop (TTS) & Williams-Sonoma (WSM) (americanbankingnews.com)
- Bed Bath & Beyond’s Stock Price Fell on Weak 2018 Outlook (marketrealist.com)
- BRIEF-Williams-Sonoma Says CEO Laura Alber’s FY 2017 Total Compensation Was $14.4 Mln VS $13.8 Mln In FY 2016 (reuters.com)
- Williams-Sonoma (WSM) Lifted to Sell at BidaskClub (americanbankingnews.com)
WSM has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Goldman Sachs cut shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 16th. Gordon Haskett raised shares of Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 price objective for the company in a research report on Wednesday, March 14th. Barclays set a $45.00 price objective on shares of Williams-Sonoma and gave the stock a “sell” rating in a research report on Thursday, March 15th. Finally, BTIG Research increased their price objective on shares of Williams-Sonoma to $47.00 and gave the stock a “sell” rating in a research report on Thursday, March 15th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.21.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $1.55 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. analysts expect that Williams-Sonoma will post 4.18 EPS for the current fiscal year.
Williams-Sonoma announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 14th that permits the company to repurchase $286.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, April 26th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio (DPR) is currently 43.21%.
In other news, CEO Laura Alber sold 97,965 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $54.21, for a total value of $5,310,682.65. Following the sale, the chief executive officer now directly owns 264,621 shares in the company, valued at approximately $14,345,104.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Janet Hayes sold 9,034 shares of the firm’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total transaction of $466,696.44. Following the completion of the sale, the insider now owns 38,563 shares in the company, valued at $1,992,164.58. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
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Williams-Sonoma Company Profile
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams-Sonoma brand, as well as home furnishings and decorative accessories under the Williams-Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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