Jefferies Financial Group looks at Williams-Sonoma, Inc.’s earnings for fiscal year 2023 (NYSE:WSM)


Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) – Equity research analysts at Jefferies Financial Group raised their fiscal year 2023 earnings estimates for Williams-Sonoma shares in a report released Wednesday. May 25. Jefferies Financial Group analyst J. Matuszewski now expects the specialty retailer to post earnings of $16.35 per share for the year, up from his previous forecast of $16.10. Jefferies Financial Group also released estimates for Williams-Sonoma’s fourth-quarter 2023 earnings at $5.87 EPS and full-year 2024 earnings at $17.70 EPS.

Other equity research analysts have also published reports on the company. Robert W. Baird cut his price target on Williams-Sonoma from $175.00 to $150.00 in a research report on Thursday. Morgan Stanley lowered its price target on Williams-Sonoma from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report Thursday. Wells Fargo & Company lowered its price target on Williams-Sonoma from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report Thursday. Citigroup reduced its price target on Williams-Sonoma from $168.00 to $138.00 in a Friday, May 13 research report. Finally, Telsey Advisory Group cut its price target on Williams-Sonoma from $198.00 to $165.00 and set an “outperform” rating on the stock in a Friday, May 20 research report. Six analysts gave the stock a sell rating, six issued a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $162.95.

Williams-Sonoma stock opened at $130.00 on Friday. The company has a 50-day moving average price of $137.41 and a two-hundred-day moving average price of $156.78. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 8.78, a growth price-to-earnings ratio of 1.25 and a beta of 1.53. Williams-Sonoma has a 12-month low of $101.58 and a 12-month high of $223.32.

Williams-Sonoma (NYSE:WSM – Get Rating) last released quarterly earnings data on Wednesday, May 25. The specialty retailer reported earnings per share of $3.50 for the quarter, beating the consensus estimate of $2.90 by $0.60. Williams-Sonoma had a return on equity of 73.38% and a net margin of 13.66%. The company posted revenue of $1.89 billion in the quarter, versus $1.81 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $2.93. The company’s revenue increased by 8.1% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27. Investors of record on Friday, April 22 will receive a dividend of $0.78 per share. The ex-dividend date is Thursday, April 21. This represents a dividend of $3.12 on an annualized basis and a yield of 2.40%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.71. Williams-Sonoma’s dividend payout ratio (DPR) is currently 21.07%.

In other news, Director Sabrina Simmons sold 2,030 shares of the company in a trade that took place on Tuesday, March 29. The stock was sold at an average price of $153.85, for a total transaction of $312,315.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Additionally, CEO Laura Alber sold 20,000 shares of the company in a trade that took place on Monday, March 7. The stock was sold at an average price of $152.04, for a total value of $3,040,800.00. The disclosure of this sale can be found here. Insiders sold 27,030 shares of the company valued at $4,173,666 during the last quarter. 1.60% of the shares are currently held by insiders.

Several hedge funds and other institutional investors have recently increased or reduced their stake in WSM. Norges Bank acquired a new position in Williams-Sonoma during the fourth quarter valued at approximately $108,043,000. HS Management Partners LLC increased its position in Williams-Sonoma by 61.6% during the first quarter. HS Management Partners LLC now owns 1,655,704 shares of the specialty retailer valued at $240,077,000 after purchasing an additional 630,830 shares last quarter. First Trust Advisors LP increased its position in Williams-Sonoma by 37.4% during the fourth quarter. First Trust Advisors LP now owns 1,135,487 shares of the specialty retailer valued at $192,045,000 after buying an additional 309,298 shares last quarter. Samlyn Capital LLC purchased a new stake in shares of Williams-Sonoma during the fourth quarter at a value of $49,289,000. Finally, Millennium Management LLC increased its stake in Williams-Sonoma stock by 731.1% during the fourth quarter. Millennium Management LLC now owns 323,088 shares of the specialty retailer worth $54,644,000 after purchasing an additional 284,213 shares in the last quarter. Institutional investors hold 99.66% of the company’s shares.

About Williams Sonoma (Get a rating)

Williams-Sonoma, Inc. operates as an omnichannel specialty retailer of various home products. It offers kitchen, dining and entertainment products, such as cookware, tools, electrical appliances, cutlery, tables and bars, outdoor furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the brand. lifestyle brand Williams Sonoma; and furniture, bedding, lighting, rugs, tableware and decorative accessories under the Pottery Barn brand.

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Earnings history and estimates for Williams-Sonoma (NYSE:WSM)



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About Gertrude H. Kerr

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