Williams-Sonoma (NYSE:WSM) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.67. The company issued revenue guidance of $1.25-1.28 billion, compared to the consensus revenue estimate of $1.24 billion.Williams-Sonoma also updated its FY19 guidance to $4.15-4.25 EPS.
Several brokerages have recently commented on WSM. Zacks Investment Research downgraded shares of Williams-Sonoma from a hold rating to a sell rating in a research report on Wednesday, May 16th. ValuEngine downgraded shares of Williams-Sonoma from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Credit Suisse Group set a $48.00 price objective on shares of Williams-Sonoma and gave the stock an underperform rating in a research report on Thursday, March 15th. Wolfe Research raised their price objective on shares of 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 raised their price objective on shares of Williams-Sonoma from $54.00 to $58.00 and gave the stock a hold rating in a research report on Thursday, March 15th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $51.21.
Williams-Sonoma traded up $1.88, hitting $49.18, during trading hours on Wednesday, MarketBeat reports. 4,341,629 shares of the company traded hands, compared to its average volume of 1,668,731. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.38. The stock has a market cap of $4.05 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.88 and a beta of 0.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, April 26th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 3.50%. Williams-Sonoma’s dividend payout ratio (DPR) is 47.65%.
Williams-Sonoma declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 14th that authorizes the company to buyback $286.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
In other Williams-Sonoma news, CEO Laura Alber sold 97,965 shares of the firm’s stock in a transaction on 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 directly owns 264,621 shares in the company, valued at approximately $14,345,104.41. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Janet Hayes sold 9,034 shares of the firm’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total value of $466,696.44. Following the transaction, the insider now owns 38,563 shares in the company, valued at $1,992,164.58. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.
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.
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