Williams-Sonoma, Inc. (NYSE:WSM) – Research analysts at William Blair issued their Q1 2021 earnings per share (EPS) estimates for Williams-Sonoma in a report released on Sunday, June 2nd, according to Zacks Investment Research. William Blair analyst D. Hofkin forecasts that the specialty retailer will earn $0.86 per share for the quarter. William Blair has a “Market Perform” rating on the stock.
WSM has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price target on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating on the stock in a research report on Monday, March 18th. Bank of America set a $45.00 price target on shares of Williams-Sonoma and gave the company an “underperform” rating in a research report on Friday, May 31st. Royal Bank of Canada raised their price target on shares of Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, March 21st. Evercore ISI initiated coverage on shares of Williams-Sonoma in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $60.00 price target on the stock. Finally, Berenberg Bank initiated coverage on shares of Williams-Sonoma in a research report on Thursday, May 9th. They issued a “hold” rating and a $61.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $60.00.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS.
Large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new stake in shares of Williams-Sonoma in the 1st quarter worth approximately $28,000. Oregon Public Employees Retirement Fund grew its stake in Williams-Sonoma by 5,231.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 1,587,286 shares in the last quarter. Pinnacle Bank purchased a new position in Williams-Sonoma in the 4th quarter valued at approximately $36,000. Truvestments Capital LLC purchased a new position in Williams-Sonoma in the 1st quarter valued at approximately $55,000. Finally, Marshall Wace North America L.P. purchased a new position in Williams-Sonoma in the 1st quarter valued at approximately $56,000.
In related news, Director Sabrina Simmons sold 1,750 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the sale, the director now owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marta Benson sold 5,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the sale, the insider now directly owns 17,061 shares in the company, valued at approximately $1,050,957.60. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $1.92 annualized dividend and a dividend yield of 2.95%. Williams-Sonoma’s dividend payout ratio is currently 43.05%.
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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