Williams-Sonoma Inc. (NYSE:WSM)’s share price gapped up before the market opened on Monday . The stock had previously closed at $52.65, but opened at $52.74. Williams-Sonoma shares last traded at $53.53, with a volume of 804,349 shares traded.

WSM has been the subject of a number of research analyst reports. Vetr raised Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $59.09 price target for the company in a report on Monday, June 27th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, July 5th. Longbow Research initiated coverage on Williams-Sonoma in a report on Tuesday, May 10th. They issued a “neutral” rating for the company. Citigroup Inc. initiated coverage on Williams-Sonoma in a report on Friday, June 17th. They issued a “buy” rating and a $69.00 price target for the company. Finally, Wedbush reaffirmed a “neutral” rating and issued a $53.00 price target on shares of Williams-Sonoma in a report on Thursday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $61.38.

The company has a market cap of $4.76 billion and a price-to-earnings ratio of 15.98. The company’s 50 day moving average price is $53.09 and its 200-day moving average price is $54.44.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, May 25th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. During the same period in the previous year, the firm earned $0.48 EPS. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Williams-Sonoma Inc. will post $3.58 EPS for the current year.

The firm 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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, July 20th.

In other Williams-Sonoma news, CFO Julie Whalen sold 13,500 shares of Williams-Sonoma stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $52.85, for a total transaction of $713,475.00. Following the sale, the chief financial officer now owns 22,259 shares of the company’s stock, valued at approximately $1,176,388.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds have made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of 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 during the last quarter. Morgan Stanley increased its stake in shares of 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 during the last quarter. Principal Financial Group Inc. increased its stake in shares of Williams-Sonoma by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 269,018 shares of the company’s stock valued at $15,713,000 after buying an additional 1,147 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of 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 during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of 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 during the last quarter.

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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