Williams-Sonoma Inc. (WSM) Trading 3.8% Higher
Williams-Sonoma Inc. (NYSE:WSM) traded up 3.8% during trading on Thursday . The stock traded as high as $54.24 and last traded at $54.01, with a volume of 1,046,633 shares changing hands. The stock had previously closed at $52.01.
Several equities research analysts have recently commented on the company. Deutsche Bank AG restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, April 14th. Longbow Research assumed coverage on Williams-Sonoma in a report on Tuesday, May 10th. They set a “neutral” rating for the company. Vetr upgraded Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $57.91 price objective for the company in a report on Monday, July 11th. Piper Jaffray Cos. restated a “hold” rating on shares of Williams-Sonoma in a report on Sunday, May 29th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Williams-Sonoma in a report on Sunday, May 29th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.27.
The stock has a market cap of $4.82 billion and a PE ratio of 16.19. The company’s 50-day moving average is $52.97 and its 200 day moving average is $54.36.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data 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. During the same period in the prior year, the company earned $0.48 EPS. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Williams-Sonoma Inc. will post $3.58 earnings per share for the current fiscal year.
The company 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Wednesday, July 20th.
In other news, CFO Julie Whalen sold 13,500 shares of the company’s 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 transaction, the chief financial officer now owns 22,259 shares of the company’s stock, valued at $1,176,388.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Several hedge funds and institutional investors have recently added to or reduced their stakes in WSM. Morgan Stanley increased its position in Williams-Sonoma by 99.8% in the fourth quarter. Morgan Stanley now owns 592,456 shares of the company’s stock valued at $34,605,000 after buying an additional 295,946 shares in the last quarter. BlackRock Advisors LLC increased its position in Williams-Sonoma by 1,169.0% in the fourth quarter. BlackRock Advisors LLC now owns 248,765 shares of the company’s stock valued at $14,530,000 after buying an additional 229,161 shares in the last quarter. Vanguard Group Inc. increased its position in Williams-Sonoma by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 5,622,463 shares of the company’s stock valued at $328,409,000 after buying an additional 117,809 shares in the last quarter. Wells Fargo & Company MN increased its position in Williams-Sonoma by 109.5% in the fourth quarter. Wells Fargo & Company MN now owns 173,681 shares of the company’s stock valued at $10,145,000 after buying an additional 90,768 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Williams-Sonoma during the fourth quarter valued at about $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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