Williams-Sonoma (WSM) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group downgraded shares of Williams-Sonoma (NYSE:WSM) from a buy rating to a neutral rating in a report released on Tuesday morning, MarketBeat Ratings reports.

Several other research analysts have also recently issued reports on WSM. Jefferies Group reiterated a hold rating and issued a $49.00 price objective on shares of Williams-Sonoma in a report on Thursday, September 28th. Zacks Investment Research cut shares of Williams-Sonoma from a hold rating to a sell rating in a report on Saturday, January 13th. Stifel Nicolaus began coverage on shares of Williams-Sonoma in a report on Thursday, October 12th. They issued a hold rating and a $54.00 price objective for the company. TheStreet upgraded shares of Williams-Sonoma from a c+ rating to a b- rating in a report on Monday, October 9th. Finally, Oppenheimer reiterated a hold rating on shares of Williams-Sonoma in a report on Friday, November 17th. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $51.25.

Williams-Sonoma (NYSE:WSM) opened at $55.29 on Tuesday. The stock has a market cap of $4,595.96, a P/E ratio of 15.56, a PEG ratio of 1.59 and a beta of 0.89. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $55.89.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. sell-side analysts expect that Williams-Sonoma will post 3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s payout ratio is 44.19%.

A number of large investors have recently modified their holdings of WSM. Janus Henderson Group PLC boosted its holdings in Williams-Sonoma by 1,109.6% during the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after buying an additional 3,226,625 shares in the last quarter. FMR LLC lifted its position in shares of Williams-Sonoma by 115.4% in the 2nd quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after acquiring an additional 1,435,014 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Williams-Sonoma by 411.0% in the 3rd quarter. American Century Companies Inc. now owns 638,825 shares of the specialty retailer’s stock valued at $31,852,000 after acquiring an additional 513,822 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Williams-Sonoma in the 3rd quarter valued at approximately $23,155,000. Finally, BlackRock Inc. lifted its position in shares of Williams-Sonoma by 4.9% in the 2nd quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock valued at $464,276,000 after acquiring an additional 444,339 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This article was first posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://weekherald.com/2018/01/20/williams-sonoma-wsm-stock-rating-lowered-by-goldman-sachs-group.html.

About Williams-Sonoma

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through 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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply