Williams-Sonoma, Inc. (NYSE:WSM) – Equities research analysts at KeyCorp issued their Q1 2021 earnings per share (EPS) estimates for shares of Williams-Sonoma in a research note issued to investors on Wednesday, March 18th. KeyCorp analyst B. Thomas anticipates that the specialty retailer will post earnings of ($0.15) per share for the quarter. KeyCorp also issued estimates for Williams-Sonoma’s Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.51 EPS, Q4 2021 earnings at $1.84 EPS, FY2021 earnings at $2.50 EPS and FY2022 earnings at $3.50 EPS.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 18th. The specialty retailer reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.08. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Williams-Sonoma had a net margin of 6.04% and a return on equity of 33.13%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 EPS.
WSM has been the topic of a number of other reports. Robert W. Baird cut their target price on shares of Williams-Sonoma from $70.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday. Telsey Advisory Group cut their target price on shares of Williams-Sonoma from $80.00 to $60.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Loop Capital cut their target price on shares of Williams-Sonoma from $70.00 to $40.00 and set a “hold” rating on the stock in a report on Friday. Stifel Nicolaus cut their target price on shares of Williams-Sonoma from $70.00 to $40.00 and set a “hold” rating on the stock in a report on Friday. Finally, Wedbush dropped their price objective on shares of Williams-Sonoma from $67.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $57.84.
Shares of Williams-Sonoma stock opened at $36.37 on Monday. The firm’s fifty day simple moving average is $63.55 and its 200-day simple moving average is $68.31. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 1.00 and a beta of 0.97. Williams-Sonoma has a 12 month low of $26.01 and a 12 month high of $77.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.09 and a quick ratio of 0.31.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its position in shares of Williams-Sonoma by 19.2% during the 4th quarter. Franklin Resources Inc. now owns 63,836 shares of the specialty retailer’s stock worth $4,688,000 after purchasing an additional 10,302 shares in the last quarter. Norges Bank purchased a new stake in shares of Williams-Sonoma during the 4th quarter worth $81,640,000. Pearl River Capital LLC purchased a new stake in shares of Williams-Sonoma during the 4th quarter worth $251,000. GW Henssler & Associates Ltd. boosted its position in shares of Williams-Sonoma by 22.6% during the 4th quarter. GW Henssler & Associates Ltd. now owns 7,967 shares of the specialty retailer’s stock worth $585,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Williams-Sonoma by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 898,924 shares of the specialty retailer’s stock worth $66,016,000 after purchasing an additional 70,172 shares in the last quarter. Institutional investors own 99.69% of the company’s stock.
In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $74.19, for a total value of $1,112,850.00. Following the transaction, the chief executive officer now directly owns 414,597 shares of the company’s stock, valued at approximately $30,758,951.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, April 24th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $1.92 annualized dividend and a yield of 5.28%. Williams-Sonoma’s dividend payout ratio is currently 39.67%.
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.