Why Williams-Sonoma, Inc. Stock Dropped Today

Williams-sonoma, Inc. - WSM - Stock Price Today - Zacks

Williams-Sonoma, Inc. (WSM) Dips on in-Line Profit, Buys Outward, Inc.

WARNING: This piece was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. The fund owned 210,000 shares of the specialty retailer's stock after selling 354,100 shares during the quarter. Ameriprise Financial Inc. increased its position in Williams-Sonoma by 7.0% during the 3rd quarter. IFP Advisors Inc raised its position in Williams-Sonoma by 39.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer's stock worth $182,000 after purchasing an additional 250 shares during the last quarter. This presents short term, intermediate and long term technical levels of Williams-Sonoma, Inc.

Among institutions that increased their positions, 52 were new positions. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. (NYSE:WSM). Shufro Rose And Ltd Limited Liability Company invested in 7,500 shares.

WSM has been the topic of several recent research reports. October 17 investment analysts at SunTrust Banks left the stock rating at "Buy" targeting a price of $62.00. Oppenheimer Holdings Inc. reaffirmed a "buy" rating on shares of Williams-Sonoma in a research report on Sunday, October 2nd.

On October 12, 2017 Stifel Nicolaus released a research note on WSM setting a rating of "Hold". And while third-quarter results arrived in line with estimates, J.P. Morgan Securities downgraded the stock to "underweight" from "overweight", and joined Jefferies and Telsey Advisory in lowering their respective WSM price targets. On average, equities research analysts anticipate that Williams-Sonoma Inc. will post $3.46 earnings per share for the current fiscal year. A 6 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of WM or, if they already own its stock, sell it. The day started at a price of $4.41 but then traded as high as $4.55 before giving part of the gains back. "(WSM)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece on another publication, it was stolen and republished in violation of United States and worldwide copyright law. Williams-Sonoma, Inc. (WSM) has shown a upward trend during time of recent session.

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The Outward deal comes as Williams-Sonoma is demonstrating healthy sales across its various store brands. WSM's value Change from Open was at 1.81% with a Gap of 2.26%. There are brokerage firms with lower targets than the average, including one setting a price target of $40. Also, it has an estimated price-earnings (P/E) multiple of 13.48 and a trailing 12-month price-earnings (P/E) multiple of 14.83. Sales fell 0.8% to $1.87 billion and non-GAAP earnings per share fell 23% to $0.87. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The company issued revenue guidance of $1.610-1.675 billion, compared to the consensus revenue estimate of $1.63 billion. During the same quarter in the prior year, the company posted $0.78 EPS.

Looking forward, Williams-Sonoma expects the holiday quarter to generate revenue of $1.61 billion to $1.675 billion on comps growth between 2% and 6%, and EPS between $1.49 and $1.64.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 3.07%. The rating was maintained by Morgan Stanley with "Equal-Weight" on Thursday, March 10. Williams-Sonoma's dividend payout ratio (DPR) is 44.96%. Metropolitan Life holds 0.03% of its portfolio in Williams-Sonoma, Inc.

Oxford Metrics plc, formerly OMG plc, is the United Kingdom worldwide software company. It operates through two segments: e-commerce and retail.

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