Williams-Sonoma (NYSE:WSM - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $2.88 per share and revenue of $2.34 billion for the quarter.
Williams-Sonoma Price Performance
Shares of WSM traded up $6.40 during trading hours on Friday, hitting $188.83. The stock had a trading volume of 2,219,844 shares, compared to its average volume of 1,865,735. The company's fifty day moving average is $201.32 and its two-hundred day moving average is $169.59. Williams-Sonoma has a 52 week low of $117.13 and a 52 week high of $219.98. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.89 and a beta of 1.82.
Williams-Sonoma Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, January 17th. Williams-Sonoma's payout ratio is 26.98%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on WSM shares. Wells Fargo & Company upped 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. Loop Capital increased their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, November 21st. Evercore ISI increased their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an "in-line" rating in a report on Thursday, November 21st. The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $173.28.
Read Our Latest Stock Analysis on WSM
Insider Activity 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 shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the sale, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey Howie sold 1,408 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at $9,014,116.16. This represents 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.
Institutional Trading of Williams-Sonoma
An institutional investor recently raised its position in Williams-Sonoma stock. Brighton Jones LLC boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 22.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,742 shares of the specialty retailer's stock after buying an additional 1,236 shares during the period. Brighton Jones LLC's holdings in Williams-Sonoma were worth $1,248,000 as of its most recent filing with the SEC. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
About Williams-Sonoma
(
Get Free Report)
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.
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