Williams-Sonoma (WSM) Projected to Post Earnings on Wednesday

Williams-Sonoma (NYSE:WSM - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, March 12th. Analysts expect Williams-Sonoma to post earnings of $2.88 per share and revenue of $2.34 billion for the quarter.

Williams-Sonoma Price Performance

Shares of WSM traded up $0.13 during trading hours on Wednesday, hitting $175.05. 1,836,692 shares of the company were exchanged, compared to its average volume of 1,849,994. The company has a market capitalization of $21.55 billion, a PE ratio of 20.70, a PEG ratio of 2.89 and a beta of 1.82. The firm has a fifty day simple moving average of $200.89 and a 200-day simple moving average of $170.66. Williams-Sonoma has a one year low of $125.33 and a one year high of $219.98.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 17th were paid a $0.57 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.30%. Williams-Sonoma's dividend payout ratio is currently 26.98%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Wedbush reaffirmed a "neutral" rating and issued a $190.00 price objective (up previously from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. Evercore ISI boosted their target price on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an "in-line" rating in a research note on Thursday, November 21st. TD Cowen increased their target price on Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Barclays raised their target price on Williams-Sonoma from $116.00 to $123.00 and gave the stock an "underweight" rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma has an average rating of "Hold" and a consensus price target of $173.28.

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Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the sale, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Howie sold 1,408 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the transaction, the chief financial officer now owns 46,388 shares of the company's stock, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Williams-Sonoma

A hedge fund recently raised its stake in Williams-Sonoma stock. Brighton Jones LLC lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,742 shares of the specialty retailer's stock after acquiring an additional 1,236 shares during the quarter. Brighton Jones LLC's holdings in Williams-Sonoma were worth $1,248,000 at the end of the most recent reporting period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Company Profile

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.