Williams-Sonoma (WSM) Shares Up 6% on Q4 Beat, Increases Dividend 10%, Authorizes $1.5B Buyback

Williams-Sonoma (WSM) PT Lowered to $225 at Cowen

Cowen analyst Max Rakhlenko lowered the price target on Williams-Sonoma (NYSE: WSM) to $225.00 (from $245.00) while maintaining an Outperform rating following results.

The analyst commented, "Stronger than expected FY22 guidance of revs +MSD to +HSD and flattish margins, positive QTD commentary, and new $1.5bn share... More

Williams-Sonoma (WSM) Raises Quarterly Dividend 9.9% to $0.78; 2% Yield

Williams-Sonoma (NYSE: WSM) declared a quarterly dividend of $0.78 per share, or $3.12 annualized. This is a 9.9% increase from the prior dividend of $0.71.

The dividend will be payable on May 27, 2022, to stockholders of record on April 22, 2022, with an ex-dividend date of April 21,... More

Williams-Sonoma (WSM) Announces $1.5B Share Buyback, Hikes Dividend to $0.78

Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a 10% increase in the companys quarterly cash dividend to $0.78 per share. The quarterly dividend is payable on May 27, 2022, to stockholders of record as of the close of business on April 22, 2022. The Board of Directors also approved a new $1.5 billion stock repurchase authorization, which supersedes the approximately $750 million that remains outstanding under the companys current stock repurchase authorization.

Our impressive finish to fiscal 2021, our strong liquidity position, and our operating cash flows have allowed us to increase our quarterly... More

Williams-Sonoma (WSM) Tops Q4 EPS by 60c

Williams-Sonoma (NYSE: WSM) reported Q4 EPS of $5.42, $0.60 better than the analyst estimate of $4.82. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.58 billion.

Fiscal Year 2022 and Long-Term:

Given the ongoing strength of our business as... More