Traders Sell Shares of Williams-Sonoma Inc. (WSM) on Strength (WSM)
Investors sold shares of Williams-Sonoma Inc. (NYSE:WSM) on strength during trading on Friday. $6.13 million flowed into the stock on the tick-up and $26.77 million flowed out of the stock on the tick-down, for a money net flow of $20.64 million out of the stock. Of all stocks tracked, Williams-Sonoma had the 18th highest net out-flow for the day. Williams-Sonoma traded up $0.21 for the day and closed at $53.51
A number of equities research analysts recently commented on the stock. Barclays PLC started coverage on shares of Williams-Sonoma in a research report on Wednesday, March 30th. They issued an “underweight” rating and a $45.00 target price on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research report on Thursday, April 7th. Longbow Research started coverage on shares of Williams-Sonoma in a report on Tuesday, May 10th. They issued a “neutral” rating on the stock. Telsey Advisory Group cut their price target on shares of Williams-Sonoma from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 16th. Finally, Wedbush cut their price target on shares of Williams-Sonoma from $54.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, May 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.24.
The stock has a market capitalization of $4.77 billion and a price-to-earnings ratio of 16.02. The company’s 50 day moving average is $53.03 and its 200 day moving average is $54.44.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, May 25th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Equities analysts expect that Williams-Sonoma Inc. will post $3.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 22nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, July 20th.
In other news, CFO Julie Whalen sold 13,500 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $52.85, for a total value of $713,475.00. Following the completion of the sale, the chief financial officer now directly owns 22,259 shares of the company’s stock, valued at $1,176,388.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several institutional investors have added to or reduced their stakes in WSM. Nicholas Co. Inc. WI raised its position in shares of Williams-Sonoma by 0.9% in the fourth quarter. Nicholas Co. Inc. WI now owns 138,330 shares of the company’s stock valued at $8,079,000 after buying an additional 1,200 shares during the period. Airain ltd purchased a new position in shares of Williams-Sonoma during the fourth quarter valued at $1,488,000. State of Tennessee Treasury Department raised its position in shares of Williams-Sonoma by 23.3% in the fourth quarter. State of Tennessee Treasury Department now owns 55,500 shares of the company’s stock valued at $3,242,000 after buying an additional 10,500 shares during the period. Dimensional Fund Advisors LP raised its position 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. Finally, Trexquant Investment LP purchased a new position in shares of Williams-Sonoma during the fourth quarter valued at $5,093,000.
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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