Williams-Sonoma (WSM) to Release Quarterly Earnings on Wednesday

Williams-Sonoma (NYSE:WSM - Get Free Report) is set to release its earnings data before the market opens on Wednesday, May 22nd. Analysts expect Williams-Sonoma to post earnings of $2.78 per share for the quarter. Williams-Sonoma has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the company earned $5.50 earnings per share. The firm's revenue was down 7.1% compared to the same quarter last year. On average, analysts expect Williams-Sonoma to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Williams-Sonoma Stock Performance

Shares of WSM traded down $7.08 during mid-day trading on Thursday, reaching $313.16. 631,151 shares of the company were exchanged, compared to its average volume of 976,192. Williams-Sonoma has a 52 week low of $109.44 and a 52 week high of $322.04. The stock has a market capitalization of $20.12 billion, a PE ratio of 21.69, a PEG ratio of 2.65 and a beta of 1.72. The business has a 50 day simple moving average of $294.16 and a two-hundred day simple moving average of $231.50.

Williams-Sonoma Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 19th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Williams-Sonoma's previous quarterly dividend of $0.90. The ex-dividend date is Thursday, April 18th. Williams-Sonoma's dividend payout ratio (DPR) is 31.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WSM shares. Royal Bank of Canada raised their price objective on Williams-Sonoma from $261.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, March 14th. Robert W. Baird raised their target price on Williams-Sonoma from $200.00 to $300.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. Barclays raised their target price on Williams-Sonoma from $146.00 to $232.00 and gave the stock an "underweight" rating in a research note on Friday, March 15th. TD Cowen raised their target price on Williams-Sonoma from $260.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Williams-Sonoma in a research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $257.13.

Insider Activity

In other news, CEO Marta Benson sold 2,184 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total value of $685,732.32. Following the transaction, the chief executive officer now owns 48,364 shares in the company, valued at $15,185,328.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Marta Benson sold 2,184 shares of Williams-Sonoma stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total transaction of $685,732.32. Following the sale, the chief executive officer now directly owns 48,364 shares in the company, valued at $15,185,328.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction on Friday, March 15th. The stock was sold at an average price of $283.74, for a total value of $5,674,800.00. Following the sale, the chief executive officer now owns 505,509 shares in the company, valued at $143,433,123.66. The disclosure for this sale can be found here. Insiders have sold 41,145 shares of company stock worth $12,182,219 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

About Williams-Sonoma

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.