Williams-Sonoma, Inc. (NYSE:WSM) to Post Q1 2024 Earnings of $2.89 Per Share, Telsey Advisory Group Forecasts

Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) – Investment analysts at Telsey Advisory Group cut their Q1 2024 earnings per share (EPS) estimates for Williams-Sonoma in a research note issued on Tuesday, March 14th. Telsey Advisory Group analyst C. Fernandez now expects that the specialty retailer will earn $2.89 per share for the quarter, down from their previous forecast of $3.52. Telsey Advisory Group currently has a “Outperform” rating and a $142.00 target price on the stock. The consensus estimate for Williams-Sonoma’s current full-year earnings is $16.45 per share. Telsey Advisory Group also issued estimates for Williams-Sonoma’s Q2 2024 earnings at $3.22 EPS and FY2024 earnings at $14.20 EPS.

A number of other equities research analysts have also issued reports on WSM. StockNews.com assumed coverage on Williams-Sonoma in a research report on Thursday. They set a “buy” rating on the stock. Morgan Stanley lowered Williams-Sonoma from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $150.00 to $100.00 in a research report on Monday, November 28th. Cowen cut their target price on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, November 18th. The Goldman Sachs Group cut their target price on Williams-Sonoma from $123.00 to $109.00 and set a “sell” rating on the stock in a research report on Monday, December 12th. Finally, Wedbush upped their price target on Williams-Sonoma from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, March 9th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $128.13.

Williams-Sonoma Stock Up 1.1 %

Shares of Williams-Sonoma stock opened at $119.95 on Thursday. The business has a fifty day simple moving average of $126.85 and a 200-day simple moving average of $125.55. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. Williams-Sonoma has a fifty-two week low of $101.58 and a fifty-two week high of $176.89.

Hedge Funds Weigh In On Williams-Sonoma

Large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in shares of Williams-Sonoma by 7.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 46,227 shares of the specialty retailer’s stock worth $6,915,000 after buying an additional 3,373 shares in the last quarter. Aviva PLC raised its holdings in shares of Williams-Sonoma by 9.7% in the 1st quarter. Aviva PLC now owns 14,762 shares of the specialty retailer’s stock worth $2,140,000 after buying an additional 1,300 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Williams-Sonoma by 0.3% in the 1st quarter. Baird Financial Group Inc. now owns 391,118 shares of the specialty retailer’s stock worth $56,712,000 after buying an additional 1,049 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Williams-Sonoma by 1,415.9% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the specialty retailer’s stock worth $303,000 after buying an additional 1,954 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Williams-Sonoma in the 1st quarter worth approximately $292,000. Institutional investors and hedge funds own 99.49% of the company’s stock.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.