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.
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.
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.
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