Williams-Sonoma Inc. (NYSE:WSM) was down 3.2% on Wednesday . The company traded as low as $51.20 and last traded at $51.28, with a volume of 1,164,806 shares changing hands. The stock had previously closed at $53.00.

Several equities research analysts recently weighed in on WSM shares. Barclays PLC reissued an “underweight” rating and set a $45.00 price objective on shares of Williams-Sonoma in a report on Friday, August 12th. Morgan Stanley reissued an “equal weight” rating and set a $55.00 price objective on shares of Williams-Sonoma in a report on Friday, May 27th. Robert W. Baird reissued a “buy” rating on shares of Williams-Sonoma in a report on Monday, May 16th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, August 10th. Finally, Vetr raised Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $57.91 price objective on the stock in a report on Tuesday, July 5th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.38.

The firm has a market cap of $4.61 billion and a PE ratio of 15.49. The firm has a 50-day moving average price of $53.14 and a 200 day moving average price of $54.49.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 25th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Williams-Sonoma Inc. will post $3.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 22nd will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 20th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.86%.

In related news, CFO Julie Whalen sold 13,500 shares of the stock in a transaction dated Wednesday, June 1st. The shares were 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 directly 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 SEC, which is available through this link.

A number of institutional investors recently added to or reduced their stakes in the company. Royce & Associates LLC bought a new position in Williams-Sonoma during the fourth quarter worth about $1,139,000. Alpine Woods Capital Investors LLC bought a new position in Williams-Sonoma during the fourth quarter worth about $1,425,000. Airain ltd bought a new position in Williams-Sonoma during the fourth quarter worth about $1,488,000. US Bancorp DE increased its position in Williams-Sonoma by 0.8% in the fourth quarter. US Bancorp DE now owns 42,194 shares of the company’s stock worth $2,464,000 after buying an additional 342 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Williams-Sonoma during the fourth quarter worth 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.