Williams-Sonoma Inc. (WSM) Trading Down 2.3%
Williams-Sonoma Inc. (NYSE:WSM)’s share price traded down 2.3% during mid-day trading on Friday . The stock traded as low as $53.86 and last traded at $53.89, with a volume of 716,652 shares changing hands. The stock had previously closed at $55.17.
Several equities analysts have recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, April 14th. Longbow Research assumed coverage on Williams-Sonoma in a research report on Tuesday, May 10th. They set a “neutral” rating on the stock. Telsey Advisory Group reiterated a “buy” rating on shares of Williams-Sonoma in a research report on Saturday, March 19th. Royal Bank Of Canada reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Saturday, March 19th. Finally, Piper Jaffray Cos. reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Saturday, March 19th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $61.24.
The stock has a market cap of $4.77 billion and a PE ratio of 16.03. The stock’s 50-day moving average is $52.97 and its 200 day moving average is $54.59.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, May 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Williams-Sonoma’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. Equities research analysts anticipate that Williams-Sonoma Inc. will post $3.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, July 20th.
In other Williams-Sonoma news, CFO Julie Whalen sold 13,500 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $52.85, for a total transaction of $713,475.00. Following the completion of the transaction, the chief financial officer now owns 22,259 shares in the company, valued at approximately $1,176,388.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Several institutional investors have bought and sold shares of WSM. State of Tennessee Treasury Department increased its position in Williams-Sonoma by 23.3% in the fourth quarter. State of Tennessee Treasury Department now owns 55,500 shares of the company’s stock worth $3,242,000 after buying an additional 10,500 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Williams-Sonoma by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 341,195 shares of the company’s stock valued at $19,930,000 after buying an additional 24,494 shares during the period. Trexquant Investment LP purchased a new stake in shares of Williams-Sonoma during the fourth quarter valued at about $5,093,000. US Bancorp DE increased its stake in shares of Williams-Sonoma by 0.8% in the fourth quarter. US Bancorp DE now owns 42,194 shares of the company’s stock valued at $2,464,000 after buying an additional 342 shares during the period. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Williams-Sonoma during the fourth quarter valued at about $1,425,000.
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.
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