Williams-Sonoma(NYSE:WSM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.582B. Analysts estimated a revenue of $1.610B. The revenues were -1.74% below the estimates. Earnings per share were $1.55. The reported EPS was above estimates by 2.65%. Analysts had estimated an EPS of $1.51.
In a different note, On Feb 13, 2017, Telsey Advisory Group said it Downgrades its rating on Williams-Sonoma. According to the research note, Telsey Advisory Group Lowers the price target to $51 per share from a prior target of $61. The shares have been rated ‘Market Perform’ by the firm. Loop Capital said it Initiates Coverage On Williams-Sonoma, according to a research note issued on Jan 3, 2017. In the research note, the firm Announces the price-target to $54 per share. The shares have been rated ‘Hold’ by the firm.
Williams-Sonoma (WSM) made into the market gainers list on Fridays trading session with the shares advancing 0.71% or 0.35 points. Due to strong positive momentum, the stock ended at $49.6, which is also near the day’s high of $49.77. The stock began the session at $49.26 and the volume stood at 27,92,780 shares. The 52-week high of the shares is $61.97 and the 52 week low is $45.96. The company has a current market capitalization of $4,331 M and it has 8,73,25,000 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Nov 23, 2016, James W. Jr. Brett (PRESIDENT WEST ELM BRAND) sold 16,355 shares at $54.49 per share price.Also, 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 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.