Williams-Sonoma, Inc. (WSM) Rating Increased to Hold at BidaskClub

(NYSE:WSM) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Ronna Sue Cohen now owns 69,354 shares of the specialty retailer's stock worth $3,719,000 after buying an additional 6,671 shares during the last quarter.

A number of institutional investors have recently modified their holdings of WSM. State of Alaska Department of Revenue acquired a new position in shares of Williams-Sonoma during the first quarter valued at approximately $361,000. BTIM Corp. purchased a new position in shares of Williams-Sonoma during the first quarter worth about $29,472,000. BidaskClub raised shares of Williams-Sonoma from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. IFP Advisors Inc now owns 2,107 shares of the specialty retailer's stock worth $113,000 after buying an additional 217 shares during the last quarter. Baird downgraded shares of Williams-Sonoma from an "outperform" rating to a "neutral" rating in a research report on Tuesday, January 31st. Franklin Resources Inc. bought a new position in shares of Williams-Sonoma during the fourth quarter valued at $123,000. NA purchased a new position in shares of Williams-Sonoma during the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 97.55% of the company's stock. Williams-Sonoma has a 1-year low of $45.68 and a 1-year high of $57.40. The stock has a 50-day moving average of $50.18 and a 200 day moving average of $50.63. The firm has a market cap of $4.16 billion, a PE ratio of 13.99 and a beta of 0.88.

Williams-Sonoma (NYSE:WSM) traded down 1.66% during trading on Tuesday, hitting $47.97. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.02.

Ratings analysis reveals 25% of Williams-Sonoma's analysts are positive. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter past year, the company earned $0.53 EPS. The firm's revenue was up 1.3% compared to the same quarter past year. Equities research analysts expect that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year. Investors of record on Friday, July 21st will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.25%. Williams-Sonoma's payout ratio is presently 45.35%.

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A number of other research firms also recently weighed in on WSM. Jefferies Group LLC reiterated a hold rating and set a $54.00 target price on shares of Williams-Sonoma in a research report on Thursday, May 25th. CIBC restated a "hold" rating on shares of Williams-Sonoma in a research report on Friday, May 26th. They set an "accumulate" rating and a $61.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company's stock. Finally, Telsey Advisory Group increased their price objective on Williams-Sonoma from $51.00 to $57.00 and gave the company a "market perform" rating in a report on Thursday, May 25th. J P Morgan Chase & Co lifted their price objective on Williams-Sonoma from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Monday, April 3rd. Williams-Sonoma now has a consensus rating of "Hold" and a consensus price target of $57.01.

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