Vetr upgraded shares of Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $57.91 price objective on the stock in a research report on Tuesday, July 5th. Williams-Sonoma makes up approx 0.03% of Commonwealth Equity Services Inc’s portfolio.Pacific Heights Asset Management boosted its stake in WSM in the latest quarter, The investment management firm added 47,000 additional shares and now holds a total of 162,000 shares of Williams-Sonoma which is valued at $8,425,620. The company has provided an EPS guidance of 54-60 cents, thus the consensus estimate is well within the company’s range. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion.
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Williams-Sonoma CEO Laura Alber said the overall retail environment has “softened” and consumers have become more cautious, both of which affected the company’s earnings this quarter. Williams-Sonoma’s quarterly revenue was up 6.5% on a year-over-year basis. According to FT, Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 6.06% and 3.77%, respectively. The company has undertaken several initiatives to drive top line in the near term.
Shares of Williams-Sonoma, Inc. Williams-Sonoma has a consensus rating of Hold and a consensus price target of $61.19.
The share price of Williams-Sonoma, Inc. Wedbush reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Williams-Sonoma in a report on Thursday, August 4th. Revenue edged up to $1.16 billion from $1.13 billion. In the matter of earnings surprises, it can have a huge impact on a company’s stock price.
Taking the valuation aspect to emphasize the valuation of Williams-Sonoma, Inc. (WSM) has a US$4.81 Billion market cap. The stock is 3.03% above another chart threshold, its 50-day moving average and 3.02% above its 20-day simple moving average.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. The ex-dividend date of this dividend is Wednesday, July 20th. Revenue rose 2.8% to $1.16 billion.
In other Williams-Sonoma news, CFO Julie Whalen sold 13,500 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, June 1st. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1.
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SAN FRANCISCO -West Elm and e-commerce were the standout performers in an otherwise lackluster fiscal second quarter for Williams-Sonoma as the retailer adjusted its outlook downward in the face of a weakening retail climate. The Company operates in two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
