Williams-Sonoma, Inc. (NYSE:WSM) to Post FY2024 Earnings of $13.45 Per Share, Telsey Advisory Group Forecasts

Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) – Investment analysts at Telsey Advisory Group boosted their FY2024 EPS estimates for shares of Williams-Sonoma in a research note issued on Wednesday, May 24th. Telsey Advisory Group analyst C. Fernandez now expects that the specialty retailer will earn $13.45 per share for the year, up from their previous forecast of $13.20. Telsey Advisory Group currently has a “Outperform” rating and a $142.00 target price on the stock. The consensus estimate for Williams-Sonoma’s current full-year earnings is $13.30 per share. Telsey Advisory Group also issued estimates for Williams-Sonoma’s Q4 2024 earnings at $5.15 EPS.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada decreased their price objective on shares of Williams-Sonoma from $151.00 to $143.00 and set an “outperform” rating on the stock in a report on Friday, March 17th. Loop Capital decreased their price objective on shares of Williams-Sonoma from $205.00 to $185.00 in a report on Friday, March 17th. Bank of America reduced their target price on shares of Williams-Sonoma from $114.00 to $108.00 in a report on Friday, March 17th. Robert W. Baird reduced their target price on shares of Williams-Sonoma from $130.00 to $125.00 in a report on Wednesday. Finally, Guggenheim reiterated a “neutral” rating on shares of Williams-Sonoma in a report on Tuesday, March 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $127.18.

Williams-Sonoma Stock Performance

Shares of WSM stock opened at $111.16 on Friday. The firm’s 50 day moving average price is $117.62 and its 200-day moving average price is $121.31. Williams-Sonoma has a one year low of $106.66 and a one year high of $176.89. The firm has a market cap of $7.30 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.86 and a beta of 1.61.

Williams-Sonoma (NYSE:WSM – Get Rating) last issued its quarterly earnings data on Tuesday, May 23rd. The specialty retailer reported $2.64 EPS for the quarter, topping the consensus estimate of $2.41 by $0.23. Williams-Sonoma had a net margin of 12.07% and a return on equity of 72.68%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $3.50 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year.

Institutional Investors Weigh In On Williams-Sonoma

Hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Williams-Sonoma by 863.6% in the 4th quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 190 shares in the last quarter. Quarry LP grew its position in shares of Williams-Sonoma by 229.8% in the 1st quarter. Quarry LP now owns 277 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 193 shares during the last quarter. Whittier Trust Co. grew its position in shares of Williams-Sonoma by 210.0% in the 4th quarter. Whittier Trust Co. now owns 310 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 210 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Williams-Sonoma by 535.1% in the 1st quarter. Global Retirement Partners LLC now owns 362 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 305 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of Williams-Sonoma in the 4th quarter valued at $43,000. 99.49% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, April 21st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Thursday, April 20th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 23.65%.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.