), a home furnishing retailer, recently launched its new Spring
2013 catalog as well as a fresh look for its Williams-Sonoma Home
brand of furnishings and home decor items.
The new Spring Collection will feature 3 styles - New
Traditional, Beach Chic and Rustic Modern. Under the new look,
one can choose from a range of exquisitely designed products made
from materials such as brass, stone, nickel, cashmere and oak.
All merchandise under the Williams-Sonoma Home brand are
available online as well in its 3 stores located in New York
City, Portland and San Francisco.
Last month, WSM also announced solid fourth quarter results,
beating the Zacks Consensus Estimate for both earnings and
revenues. Earnings of $1.34 increased 15% while revenues grew
almost 11% year over year.
At the fourth quarter conference call, Williams-Sonoma board
authorized a 41.0% increase in its dividend and a new stock
buyback plan. WSM increased its quarterly dividend to 31 cents
from 22 cents.
This marks an annual dividend of $1.24 per share, resulting in
a current dividend yield of 2.4%. The new stocks repurchase plan
authorizes buyback of shares worth $750 million. The plan is
intended to be executed over the next 3 years.
Williams-Sonoma carries Zacks Rank #3 (Hold). Other stocks in
the retail furnishing industry that are currently performing well
Fortune Brands Home & Security, Inc.
) - Zacks Rank #1 (Strong Buy) and
Ethan Allen Interiors Inc.
) - Zacks Rank #2 (Buy). A home improvement company worth
), carrying Zacks Rank #2 (Buy).
ETHAN ALLEN INT (ETH): Free Stock Analysis
FORTUNE BRD H&S (FBHS): Free Stock Analysis
MASCO (MAS): Free Stock Analysis Report
WILLIAMS-SONOMA (WSM): Free Stock Analysis
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