|Bid||67.59 x 900|
|Ask||67.62 x 900|
|Day's Range||66.84 - 68.29|
|52 Week Range||45.01 - 72.49|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||16.05|
|Earnings Date||Aug 28, 2019|
|Forward Dividend & Yield||1.92 (2.81%)|
|1y Target Est||61.07|
Williams-Sonoma, Inc. announced today that it will release its second quarter 2019 results on Wednesday, August 28, 2019 after the market close. Following the release via the wire services, the Company will host a conference call beginning at 5:00 PM Eastern Time, which can be accessed at http://ir.williams-sonomainc.com/events.
Williams-Sonoma (WSM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pottery Barn, a member of the Williams-Sonoma, Inc. (WSM) portfolio of brands, today debuts a new collection of textiles and bedding essentials with revered stylists and fashion designers, Emily Current and Meritt Elliott. Inspired by their ready-to-wear collection, THE GREAT, the new Emily & Meritt for Pottery Barn assortment celebrates personal style and embodies the spirit of creative fearlessness that is synonymous with the LA-based designers. True to Emily and Meritt’s casual and nostalgic Americana aesthetic, the latest chapter in their Pottery Barn partnership features washed garment-dyed fabrics in fall color palettes and chic prints that inspire endless combinations and create an effortless, lived-in collection for both bath and bedroom.
Canopy Growth (NYSE:CGC) failed to meet lowered earnings estimates but its problems have yet to hit its biggest owner. Constellation Brands (NYSE:STZ) bought 38% of the Canada-based marijuana company last year. It has warrants for CGC stock that would give it majority control.Source: Shutterstock But while Canopy shares are down by 25% from the $34.20 level they held the day before earnings were announced, Constellation shares have barely budged. They're down just $1 or about 0.5% over the last two trading sessions.Canopy looked on the bright side of life when it reported August 14. Its sales of dried cannabis rose 94% year over year was the headline. But on his conference call CEO Mark Zekulin confirmed he's leaving Canopy once a replacement is found. That should happen in the next few months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Constellation Doubles DownZekulin and his predecessor, Bruce Linton, invested heavily ahead of marijuana legalization, which has been moving slowly. They have also filed 56 patent applications, bought brands that can't be advertised, and sought international growth that doesn't exist.It was this optimism, and investment, that led Constellation to buy its first stake then double-down to its present 38% holding. It also bought those warrants that will, once exercised, give it majority control. Constellation's confidence helped fuel Canopy's rise.But the value of those warrants has been hit by the fall of Canopy shares. Constellation has gotten a delay in the exercise date, to up to eight years. This comes as Canopy has a deal buy Acreage Holdings (OTCMKTS:ACRGF) once the U.S. legalizes marijuana.Constellation, in other words, is tripling down on legal pot. Meanwhile, former CEO Linton, unceremoniously booted out last month as Canopy's co-CEO and board chair, told BNN Bloomberg he was a buyer of CGC stock after the shares fell on Aug. 15. * 10 Stocks Under $5 to Buy for Fall Until legalization, Constellation is sitting on warrants it can't exercise, an investment it can't get value from, and growth it can't access. Despite this, Constellation shares are up 21%, more than the general market in 2019. It's helped by continuing strong sales of Mexican beer brands like Corona and Modelo, and liquor brands like Svedka. Constellation is also selling 30 low-cost wine brands to E.J. Gallo for $1.7 billion, a little more than its original $3 billion asking price.The result is a company that's leveraged toward high-end brands of beer, wine and spirits, anticipating a windfall when its marijuana train comes in. Almost two-thirds of the analysts following Constellation rate it a buy. Risk? What Risk?Constellation stock is helped by first-quarter earnings that beat estimates. It earned $2.21 per share, when only $2.07 was expected.Even better numbers are anticipated for the current quarter, to be reported Sept. 27. Constellation is expected to deliver $2.63 per share of earnings on revenue of $2.3 billion.Canopy, meanwhile, is expected to see a loss of 26 cents per share when it reports next in November. Canopy's recent quarter sales of $90.5 million are just a blip on Constellation's $2.1 billion revenue figute last quarter."If you look at the speed of growth and the complexity of market regulations, the key is finding the right experience and the right person, and I think there are a number of sector backgrounds that could work well," Zekulin told BNN Bloomberg. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Constellation is certain to have a hand in choosing Zekulin's successor. Whomever it is, they are expected to bring stability to the company, as our Will Ashworth has written.So far, however, only superstars at companies like Nike (NYSE:NKE), Williams-Sonoma (NYSE:WSM) and Starbucks (NASDAQ:SBUX) are in the rumor mill. It's like a mid-major college football team that's only considering big-time head coaches for its program. Nick Saban is not walking through that door, and whoever does walk in is bound to be a disappointment. Bottom Line on Canopy Growth StockWhile the problems at Canopy Growth have yet to impact Constellation stock, I think it's only a matter of time before they do.While generations of Americans may be happy not to see their friends hauled off to jail for smoking weed, it takes time to build a scaled, legal marketplace. Canopy underestimated that time. So has Constellation Brands.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post It's Just a Matter of Time Before Canopy Growth's Woes Hit Constellation appeared first on InvestorPlace.
Williams-Sonoma Inc. has signed a lease to bring its Williams Sonoma store to the King of Prussia Town Center and will eventually close it location at the King of Prussia Mall. The store, known for its cooking and entertaining accessories, home furnishings and unique variety of marinades and drink mixes, will occupy 6,000 square feet at a prime corner at the center’s Main Street and Market Street that is across from Wegmans and District Taco. The deal to land Williams Sonoma (NYSE: WSM) had been in the works for some time, said Joe Mancuso, managing director at CBRE Inc., which oversees leasing for the development. CBRE Global Investors owns the shopping center.
Williams Sonoma, a member of the Williams-Sonoma, Inc. (WSM) portfolio of brands announced today the launch of its fifth annual Tools for Change fundraising program benefitting No Kid Hungry, a national campaign to end childhood hunger in America. This year, the retailer is aiming to raise $2.5 million, which will help connect children in need to nearly 25 million meals. As part of the fundraising efforts, Williams Sonoma and No Kid Hungry have partnered with 13 prominent celebrities, chefs, musicians, culinary personalities and social influencers to design limited-edition spatulas available at Williams Sonoma stores and online at www.williams-sonoma.com.
CannaChiefs Media recently issued a press release announcing a contest to help find the next CEO of Canopy Growth (NYSE:CGC). The only problem was it didn't seek out Canopy Growth's approval before pushing the release onto the internet. While it didn't sting CGC stock too hard, it was something of an embarrassment.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading Tips Within a day, the cannabis-related media company was forced to formally apologize to Canopy Growth. While the press release's execution was less than ideal, it is a question that anyone considering investing in CCGC stock should consider. After all, there are only going to be so many seats at the global cannabis table. The right pick for chief executive ensures CGC has a seat at the table. The wrong pick means the probable destruction of billions of dollars of shareholder value. * 10 Stocks to Buy on the Trade War Dip Hanni Monk, CannaChiefs Media's chief editor, put it like this: "Canopy must take their time to find the right fit. I have a feeling at this stage of Canopy's brand lifecycle they need to continue growing exponentially to stay on top of the global cannabis stage. They may need to source a CEO from outside the cannabis industry, perhaps a big player from Silicon Valley who understands how to build a global partner ecosystem."The editor's not mistaken. This hiring is the most important of its relatively short history. You can be sure that Constellation Brands (NYSE:STZ) CEO Bill Newlands will have a considerable amount of input into the choice for Canopy's next CEO. Here are three senior executives I believe would be suitable for CGC's future. Mark ParkerWhy would the CEO of Nike (NYSE:NKE) want to leave a job that he's held for the past 13 years? He probably wouldn't. However, it's not hard to see that Parker checks all the boxes. He understands consumer buying habits, he operates a global business, he knows how to get products to market quickly, and most importantly, he's CEO of a company that understands the younger generation. While people of all ages are trying cannabis and its derivative products such as edibles, vapes, and infused drinks, it's the young people that will drive the CGC stock price higher. According to Statista, 24% of consumers aged 18-29 smoke marijuana. Another 13% are between 30-49, while just 17% of U.S. consumers above the age of 50 smoke the stuff. Nike remains a cool company. The CGC stock price would instantly move higher on his hiring. The downside: Parker's still working on fixing the culture at Nike. Does Constellation want to take the chance on someone who's been a part of the problem? Also, at 63, he's probably a little old for the job. Laura AlberWhile suggesting the CEO of Williams-Sonoma (NYSE:WSM), a retailer that specializes in housewares and furniture, might seem like an odd one, the fact that Alber's only 50 years old, has overseen the company for the past nine years, and understands the balance between brick-and-mortar and online retail, makes her an excellent dark horse. Since taking the top job in May 2010, WSM stock has appreciated by 123%. In that time, Alber's had to negotiate a slowdown at its brick-and-mortar stores. However, thanks to the growth of its West Elm brand (in its most recent quarter, West Elm grew same-store sales by double digits) the company's top and bottom lines continue to grow. For my money, she's one of the most underrated CEOs in the country. Rosalind BrewerI doubt that Starbucks (NASDAQ:SBUX) CEO Kevin Johnson would be too happy losing his chief operating officer, but Rosalind Brewer understands how to run big companies. She did it at Walmart (NYSE:WMT) and she's been doing it at Starbucks since coming out of semi-retirement in October 2017. In February, Amazon (NASDAQ:AMZN) named Brewer a director of the ecommerce company. Anytime Jeff Bezos comes calling, you know you're talking about a top-notch candidate. Although Brewer is one of four women on Amazon's board, she's the only black person currently serving. Hopefully, she can recruit one or two other visible minorities to the board. The fact that she's got experience with large volume merchandising (she was Sam's Club CEO from 2012 and 2017 ) along with food and restaurant experience makes her an attractive recruit. Although 57, I think the biggest issue for Brewer would be the fact that between Starbucks and Amazon, she's got a lot going on in Seattle. I'm not sure she'd want to move across the country to operate a business that's anything but a sure thing. CGC stock is entering an important stretch right now, with prices fighting valuation concerns. The last thing it needs is a CEO who isn't prepared to weather the kind of storms that are in the future for CGC stock.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post The Next Canopy Growth CEO Could Bring Stability to CGC Stock appeared first on InvestorPlace.
A Model of Craftsmanship and Precision, The Thomas Keller Signature Collection by Cangshan is available exclusively at Williams Sonoma www.williams-sonoma.com
Collection Includes New Apothecary Coffee Table and an Assortment of Central Perk-Worthy Home Décor and Accessories
The president of the Williams Sonoma brand is resigning after 12 years with the company. Janet Hayes will step down Aug. 1, Williams-Sonoma, Inc. (NYSE: WSM) announced yesterday. Williams-Sonoma, Inc. President and Chief Executive Officer Laura Alber said that during Hayes' tenure, she helped the company expand its reach to new customers, chefs and food communities across the country.
Co-branded Collection to Include Tabletop, Entertaining, Bedding, Furniture, Wall Art and Home Décor Pieces Inspired by Iconic Schumacher Textile Patterns
Williams-Sonoma, Inc. (WSM) announced today that Janet Hayes, President of the Williams Sonoma brand, is resigning from the company after 12 years of service on August 1, 2019. Laura Alber, the company’s President and Chief Executive Officer, said, “On behalf of the board and senior management team, I would like to thank Janet for her valuable contributions over her tenure at our company. Hayes commented, “I am incredibly proud to have spent over a decade of my career at this company, with the last six years leading one of the most loved brands in the home industry, Williams Sonoma.
For 2019, Williams-Sonoma’s (WSM) management has revenue guidance in the range of $5.67 billion–$5.84 billion, with its overall comparable brand revenue expected to rise between 2% and 5%.
Along with its impressive first-quarter earnings, Williams-Sonoma’s (WSM) compelling offerings and differentiated customer experiences appear to have increased investors' confidence, raising its stock price.
On June 27, Williams-Sonoma (WSM) was trading at $64.26, a rise of 24.6% since its announcement of its first-quarter earnings results on May 30.
Williams-Sonoma (WSM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.