Williams-Sonoma (NYSE:WSM) Issues FY20 Earnings Guidance

Williams-Sonoma (NYSE:WSM) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $4.60-4.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.69. The company issued revenue guidance of $5.76 billion, compared to the consensus revenue estimate of prior $4.55-4.75.Williams-Sonoma also updated its FY 2019 guidance to $4.60-4.80 EPS.

Several research firms recently commented on WSM. Bank of America set a $45.00 price target on shares of Williams-Sonoma and gave the stock an underperform rating in a report on Friday, May 31st. Argus raised their price target on shares of Williams-Sonoma to $73.00 and gave the stock a positive rating in a report on Monday, July 15th. Citigroup raised their price target on shares of Williams-Sonoma from $59.00 to $70.00 and gave the stock a neutral rating in a report on Thursday. Gordon Haskett upgraded shares of Williams-Sonoma from a hold rating to an accumulate rating and set a $68.00 price target for the company in a report on Thursday, June 13th. Finally, Robert W. Baird raised their price target on shares of Williams-Sonoma from $58.00 to $65.00 and gave the stock a neutral rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $62.67.

NYSE:WSM opened at $64.32 on Friday. Williams-Sonoma has a 12 month low of $45.01 and a 12 month high of $72.49. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 2.03 and a beta of 0.85. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $66.23 and its 200-day moving average is $59.80.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts predict that Williams-Sonoma will post 4.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, July 26th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio is 43.05%.

In related news, insider Marta Benson sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the transaction, the insider now owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sabrina Simmons sold 1,750 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total transaction of $105,140.00. Following the transaction, the director now directly owns 10,915 shares in the company, valued at approximately $655,773.20. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

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.

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Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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