Investors Sell Shares of Williams-Sonoma Inc. (WSM) on Strength (WSM)
Traders 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 0th 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 have recently issued reports on the company. Barclays PLC assumed coverage on Williams-Sonoma in a research note on Wednesday, March 30th. They set an “underweight” rating and a $45.00 price objective on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $54.00 price objective on shares of Williams-Sonoma in a research note on Thursday, April 7th. Longbow Research assumed coverage on Williams-Sonoma in a research note on Tuesday, May 10th. They set a “neutral” rating on the stock. Telsey Advisory Group dropped their price objective on Williams-Sonoma from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 16th. Finally, Wedbush dropped their price objective on Williams-Sonoma from $54.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, May 16th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $61.24.
The firm has a market capitalization of $4.77 billion and a price-to-earnings ratio of 16.02. The firm has a 50 day moving average of $53.03 and a 200 day moving average of $54.44.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, May 25th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that Williams-Sonoma Inc. will post $3.58 earnings per share for the current 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 paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.77%.
In other Williams-Sonoma news, CFO Julie Whalen sold 13,500 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 22,259 shares in the company, valued at $1,176,388.15. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Several institutional investors recently made changes to their positions in WSM. Nicholas Co. Inc. WI boosted 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 bought a new position in shares of Williams-Sonoma during the fourth quarter valued at $1,488,000. State of Tennessee Treasury Department boosted 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 boosted 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 bought 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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