Williams-Sonoma (WSM) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. WSM said it had a profit of $1.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.51. The company posted revenue of $1582.00 million in the period, compared to analysts expectations of $1605.86 million. WSM’s revenue was down -.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.
Based on several research reports , Shares were Reiterated by Wedbush on Mar 6, 2017 to “Neutral” and Lowered the Price Target to $ 48 from a previous price target of $53 .Shares were Downgraded by Telsey Advisory Group on Feb 13, 2017 to ” Market Perform” and Lowered the Price Target to $ 51 from a previous price target of $61 .Williams-Sonoma was Initiated by Loop Capital to “Hold” on Jan 4, 2017.
Several company insiders have filed Insider transactions , on Nov 23, 2016, James W. Jr. Brett (PRESIDENT WEST ELM BRAND) sold 16,355 shares at $54.49 per share price. According to the SEC, on Sep 23, 2016, Janet Hayes (PRESIDENT WS BRAND) sold 15,027 shares at $50.06 per share price. On Aug 31, 2016, Laura Alber (PRESIDENT & CEO) sold 80,000 shares at $53.19 per share price, according to the Form-4 filing with the securities and exchange commission.
Williams-Sonoma opened for trading at $47.74 and hit $48.3 on the upside on Wednesday, eventually ending the session at $48.12, with a gain of 1.26% or 0.6 points. The heightened volatility saw the trading volume jump to 24,07,313 shares. Company has a market cap of $4,227 M.
Williams-Sonoma Inc. is an e-commerce and multi-channel specialty retailer of products for the home with some brands in home furnishings. The Company operates in two segments: e-commerce and retail. The e-commerce segment has the merchandising strategies which include Williams-Sonoma Pottery Barn Pottery Barn Kids West Elm PBteen Williams-Sonoma Home Rejuvenation and Mark and Graham which sells its products through its e-commerce Websites and direct-mail catalogs. The retail segment has the merchandising strategies which include Williams-Sonoma Pottery Barn Pottery Barn Kids West Elm and Rejuvenation which sells its products through its retail stores. The Company operates retail stores in the United States Canada Puerto Rico Australia and the United Kingdom and franchises its brands to third-parties in various countries in the Middle East and the Philippines. The Company’s products are also available to customers through its catalogs and online across the world.