Williams-Sonoma (WSM) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.50. The company posted revenue of $1097.82 million in the period, compared to analysts expectations of $1078.48 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on Williams-Sonoma. Topeka Capital Markets Initiated Williams-Sonoma on May 24, 2016 to “Buy”, Price Target of the shares are set at $62.Shares were Reiterated by Telsey Advisory Group on May 16, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .Shares were Reiterated by Wedbush on May 16, 2016 to “Neutral” and Lowered the Price Target to $ 53 from a previous price target of $54 .
Williams-Sonoma opened for trading at $49.12 and hit $50.41 on the upside on Friday, eventually ending the session at $50.08, with a gain of 1.95% or 0.96 points. The heightened volatility saw the trading volume jump to 19,13,976 shares. Company has a market cap of $4,465 M.
In a different news, on Nov 27, 2015, Anthony Greener (director) sold 5,000 shares at $63.12 per share price. According to the SEC, on Jun 10, 2015, Adrian T Dillon (director) sold 19,888 shares at $78.67 per share price. On Jun 3, 2015, David Randolph King (SVP GENERAL COUNSEL) sold 7,126 shares at $78.54 per share price, according to the Form-4 filing with the securities and exchange commission.
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.