Trade Report: Today, Nomura Reaffirmed “Buy” Rating for Williams-Sonoma Inc. (WSM)

Today, Nomura Reaffirmed “Buy” Rating for Williams-Sonoma Inc. (WSM)

Nomura reiterated their buy rating on shares of Williams-Sonoma Inc. (NYSE:WSM) in a research note issued to investors on Monday morning. Nomura currently has a $65.00 price objective on the stock.

WSM has been the subject of several other research reports. Oppenheimer Holdings Inc. began coverage on Williams-Sonoma in a research report on Tuesday, September 20th. They issued an outperform rating for the company. Barclays PLC set a $40.00 target price on Williams-Sonoma and gave the stock a sell rating in a research report on Friday, November 18th. Credit Suisse Group AG began coverage on Williams-Sonoma in a research report on Thursday, August 25th. They issued a neutral rating and a $50.00 target price for the company. Vetr cut Williams-Sonoma from a buy rating to a hold rating and set a $54.49 target price for the company. in a research report on Monday, August 29th. Finally, Argus reissued a buy rating and set a $75.00 price objective on shares of Williams-Sonoma in a research report on Monday, August 29th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $57.16.

Shares of Williams-Sonoma (NYSE:WSM) opened at 54.87 on Monday. The stock has a 50 day moving average price of $49.19 and a 200-day moving average price of $51.54. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 16.32 and a beta of 0.84. Williams-Sonoma has a 1-year low of $45.96 and a 1-year high of $65.08.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The business earned $1.25 million during the quarter, compared to analysts’ expectations of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. Williams-Sonoma’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities research analysts expect that Williams-Sonoma will post $3.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, October 25th. Williams-Sonoma’s payout ratio is 44.18%.

In other news, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $53.19, for a total value of $4,255,200.00. Following the transaction, the chief executive officer now directly owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James W. Jr. Brett sold 16,355 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $54.49, for a total value of $891,183.95. Following the completion of the transaction, the insider now directly owns 24,978 shares in the company, valued at $1,361,051.22. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its position in shares of Williams-Sonoma by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock valued at $104,000 after buying an additional 1,000 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock valued at $107,000 after buying an additional 236 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Williams-Sonoma by 58.1% in the third quarter. D.A. Davidson & CO. now owns 2,286 shares of the company’s stock valued at $115,000 after buying an additional 840 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock valued at $148,000 after buying an additional 1,100 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of Williams-Sonoma during the second quarter valued at approximately $157,000. 98.91% of the stock is currently owned by institutional investors and hedge funds.

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