Williams-Sonoma (WSM) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Williams-Sonoma (NYSE:WSM) issued its quarterly earnings data on Tuesday. The specialty retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09, Bloomberg Earnings reports. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share.

Shares of Williams-Sonoma traded up $1.88, hitting $49.18, during mid-day trading on Wednesday, Marketbeat.com reports. 4,517,563 shares of the stock were exchanged, compared to its average volume of 1,670,508. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.88 and a beta of 0.73. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 1.62.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, April 26th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio is 47.65%.

In related news, CEO Laura Alber sold 97,965 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $54.21, for a total transaction of $5,310,682.65. Following the transaction, the chief executive officer now owns 264,621 shares of the company’s stock, valued at $14,345,104.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Janet Hayes sold 9,034 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $51.66, for a total value of $466,696.44. Following the transaction, the insider now directly owns 38,563 shares in the company, valued at approximately $1,992,164.58. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Several brokerages recently weighed in on WSM. Credit Suisse Group set a $48.00 price objective on Williams-Sonoma and gave the stock an “underperform” rating in a research report on Thursday, March 15th. Barclays set a $45.00 price objective on Williams-Sonoma and gave the stock a “sell” rating in a research report on Thursday, March 15th. BTIG Research increased their price objective on Williams-Sonoma to $47.00 and gave the stock a “sell” rating in a research report on Thursday, March 15th. Wolfe Research increased their price objective on Williams-Sonoma from $52.00 to $55.00 and gave the stock a “peer perform” rating in a research report on Thursday, March 15th. Finally, Stifel Nicolaus increased their price objective on Williams-Sonoma from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, March 15th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the stock. Williams-Sonoma presently has an average rating of “Hold” and an average price target of $51.21.

Williams-Sonoma declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 14th that permits the company to buyback $286.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About Williams-Sonoma

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

Earnings History for Williams-Sonoma (NYSE:WSM)

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