Williams-Sonoma (WSM) declares a dividend of $0.90
Williams-Sonoma said on March 16, 2023 that its board of directors had declared a regular quarterly dividend of $0.90 per share ($3.60 annualized). Previously, the company paid $0.78 per share.
Shares must be purchased before the ex-div date of April 20, 2023 to be eligible for the dividend. Shareholders of record on April 21, 2023 will receive payment on May 26, 2023.
At the current share price of $119.95/share, the dividend yield of the stock is 3.00%. Looking back five years and taking a sample each week, the average dividend yield was 2.48%, the low 1.26% and the high 5.40%. The standard deviation of returns is 0.71 (n=237).
The current dividend yield is 0.73 standard deviation above the historical average.
Additionally, the company’s dividend payout ratio is 0.18. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.63%, demonstrating that it has increased its dividend over time.
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Analyst price forecast suggests 8.85% upside
As of March 17, 2023, the one-year average price target for Williams-Sonoma was $130.56. The predictions range from a low of $98.98 to a high of $215.25. The average price target represents an increase of 8.85% from its last reported closing price of $119.95.
Check out our ranking of companies with the biggest upward price target.
Expected annual revenue for Williams-Sonoma is $8,902 million, an increase of 2.62%. Expected non-GAAP annual EPS is $16.62.
What is fund sentiment?
There are 1,240 funds or institutions reporting positions in Williams-Sonoma. This is an increase of 24 owners or 1.97% over the last quarter. Average portfolio weight of all funds dedicated to WSM is 0.31%, a decrease of 8.79%. The total number of shares held by institutions has decreased by 0.74% over the past three months to 78,413,000 shares. WSM’s put/call ratio is 1.77, indicating a bearish outlook.
What do major shareholders do?
Aristotle Capital Management holds 4,637,000 shares representing 6.97% of the company’s capital. In its previous filing, the company said it held 4,632,000 shares, representing
by 0.13%. The company
its portfolio allocation to WSM by 6.37% over the last quarter.
Capital Research Global Investors holds 4,095,000 shares representing 6.15% ownership of the company. In its previous filing, the company said it held 4,099,000 shares, representing
by 0.11%. The company
its portfolio allocation to WSM by 10.40% in the last quarter.
Blackhill Capital holds 3,951,000 shares representing 5.94% ownership of the company. In its previous filing, the company stated that it holds 3,952,000 shares, representing
by 0.02%. The company
its portfolio allocation to WSM by 4.84% in the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 2,060,000 shares representing 3.09% ownership of the company. In its previous filing, the company said it held 2,009,000 shares, representing
2.46%. The company
its portfolio allocation to WSM by 12.74% in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 2,020,000 shares representing 3.03% ownership of the company. In its previous filing, the company stated that it held 2,005,005 shares, representing
by 0.77%. The company
its portfolio allocation to WSM by 9.25% in the last quarter.
General information about Williams-Sonoma
(This description is provided by the company.)
Williams-Sonoma, Inc. is the world’s largest design-driven, sustainable digital home retailer. The Company’s products, representing distinct merchandise strategies – Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation and Mark and Graham – are marketed through e-commerce websites, direct mail catalogs and retail stores. These brands are also part of The Key Rewards, its free loyalty program that offers members exclusive benefits across the Williams-Sonoma family of brands. Williams-Sonoma operates in the United States, Puerto Rico, Canada, Australia, and the United Kingdom, provides international shipping to customers worldwide, and has unaffiliated franchisees that operate stores in the Middle East, Philippines, Mexico, South Korea and India. as e-commerce websites in some places. The company is also proud to lead the industry through its environmental, social and governance (“ESG”) efforts. The company is Good By Design – it has embedded sustainability deeply into its business. From its factories to your home, Williams-Sonoma is united in a common goal to care for its people and its planet.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.