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. The company also provides home decor products under the West Elm brand; kids accessories under the Pottery Barn Kids brand; and an organic bedding to multi-purpose furniture under the Pottery Barn Teen brand. In addition, it offers made-to-order lighting, hardware, furniture, and home decors inspired by history under the Rejuvenation brand; and women's and men's accessories, travel, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand, as well as operates a 3-D imaging and augmented reality platform for the home furnishings and décor industry. The company markets its products through e-commerce websites, direct-mail catalogs, and retail stores. It operates 544 stores comprising 502 stores in 41states, Washington, D.C., and Puerto Rico; 20 stores in Canada; 19 stores in Australia; 3 stores in the United Kingdom; and 139 franchised stores, as well as e-commerce websites in various countries in the Middle East, the Philippines, Mexico, South Korea, and India. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California.
Williams-Sonoma Stock Up 0.8 %
Shares of NYSE:WSM traded up $1.24 during midday trading on Thursday, reaching $155.74. The company had a trading volume of 1,295,019 shares, compared to its average volume of 1,385,758. Williams-Sonoma has a 1-year low of $101.58 and a 1-year high of $223.32. The stock has a market cap of $10.71 billion, a PE ratio of 10.11, a P/E/G ratio of 1.62 and a beta of 1.63. The business's 50 day moving average price is $130.15 and its 200 day moving average price is $138.40.
Williams-Sonoma (NYSE:WSM - Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The specialty retailer reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.51. Williams-Sonoma had a return on equity of 76.64% and a net margin of 13.74%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $2.93 EPS. The business's quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts expect that Williams-Sonoma will post 16.08 earnings per share for the current fiscal year.
Williams-Sonoma Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, July 21st. Williams-Sonoma's dividend payout ratio is currently 20.25%.
Analysts Set New Price Targets
WSM has been the topic of several recent analyst reports. Barclays decreased their target price on Williams-Sonoma from $186.00 to $173.00 and set an "overweight" rating for the company in a research note on Friday, May 27th. Telsey Advisory Group decreased their price objective on Williams-Sonoma from $198.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, May 20th. Wells Fargo & Company dropped their target price on shares of Williams-Sonoma from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, May 26th. Wedbush cut their price target on shares of Williams-Sonoma to $155.00 and set a "na" rating on the stock in a research note on Tuesday, May 17th. Finally, Robert W. Baird lowered their price objective on shares of Williams-Sonoma from $175.00 to $150.00 in a research report on Thursday, May 26th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Williams-Sonoma has an average rating of "Hold" and an average target price of $153.69.
Insider Activity
In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $151.94, for a total value of $6,077,600.00. Following the sale, the chief executive officer now owns 525,113 shares in the company, valued at $79,785,669.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Williams-Sonoma news, CFO Julie Whalen sold 5,000 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $140.66, for a total value of $703,300.00. Following the transaction, the chief financial officer now directly owns 96,239 shares of the company's stock, valued at approximately $13,536,977.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $151.94, for a total value of $6,077,600.00. Following the sale, the chief executive officer now owns 525,113 shares of the company's stock, valued at approximately $79,785,669.22. The disclosure for this sale can be found here. Insiders sold a total of 60,400 shares of company stock valued at $8,756,068 in the last quarter. Company insiders own 1.70% of the company's stock.
