Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Friday, December 20th, Zacks reports. Investors of record on Friday, January 24th will be given a dividend of 0.48 per share by the specialty retailer on Friday, February 28th. This represents a $1.92 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, January 23rd.
Williams-Sonoma has raised its dividend payment by an average of 7.6% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Williams-Sonoma has a payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Williams-Sonoma to earn $4.94 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.9%.
Shares of WSM opened at $76.59 on Tuesday. The firm’s 50-day moving average price is $72.55 and its 200-day moving average price is $68.50. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.70 and a beta of 0.87. The company has a current ratio of 1.29, a quick ratio of 0.31 and a debt-to-equity ratio of 1.26. Williams-Sonoma has a 1-year low of $50.14 and a 1-year high of $77.00.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 21st. The specialty retailer reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Williams-Sonoma had a net margin of 5.86% and a return on equity of 33.81%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, research analysts forecast that Williams-Sonoma will post 4.74 EPS for the current fiscal year.
In other news, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $69.70, for a total value of $1,045,500.00. Following the transaction, the chief executive officer now owns 399,531 shares of the company’s stock, valued at $27,847,310.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.
WSM has been the subject of several recent analyst reports. Barclays initiated coverage on shares of Williams-Sonoma in a report on Tuesday, November 12th. They issued an “overweight” rating and a $77.00 target price for the company. Argus upped their price target on shares of Williams-Sonoma from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. They noted that the move was a valuation call. Wolfe Research started coverage on shares of Williams-Sonoma in a report on Tuesday, October 8th. They issued a “hold” rating and a $76.00 target price on the stock. ValuEngine downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd. Finally, Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, September 23rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $67.41.
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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