Williams-Sonoma Inc. (WSM) Sees Large Volume Increase
Williams-Sonoma Inc. (NYSE:WSM) shares saw unusually-high trading volume on Monday . Approximately 2,565,726 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 1,921,172 shares.The stock last traded at $52.80 and had previously closed at $52.58.
WSM has been the subject of a number of analyst reports. Longbow Research initiated coverage on shares of Williams-Sonoma in a research note on Tuesday, May 10th. They issued a “neutral” rating for the company. Telsey Advisory Group reduced their price objective on shares of Williams-Sonoma from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 16th. Wedbush reduced their price objective on shares of Williams-Sonoma from $54.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, May 16th. Robert W. Baird restated a “buy” rating on shares of Williams-Sonoma in a research note on Monday, May 16th. Finally, SunTrust Banks Inc. restated a “buy” rating and issued a $60.00 price objective (down from $65.00) on shares of Williams-Sonoma in a research note on Thursday, May 19th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $61.38.
The stock has a market cap of $4.71 billion and a price-to-earnings ratio of 15.80. The firm’s 50 day moving average price is $53.15 and its 200 day moving average price is $54.55.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, May 25th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. During the same period last year, the company earned $0.48 EPS. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. The business’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Williams-Sonoma Inc. will post $3.58 earnings per share for the current fiscal 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 2.80%. 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 dated 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 filing with the SEC, which is accessible through this hyperlink.
Several institutional investors have added to or reduced their stakes in WSM. Principal Financial Group Inc. raised its position in Williams-Sonoma by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 269,018 shares of the company’s stock worth $15,713,000 after buying an additional 1,147 shares during the period. BlackRock Advisors LLC raised 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 worth $14,530,000 after buying an additional 229,161 shares during the period. Wells Fargo & Company MN raised 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 worth $10,145,000 after buying an additional 90,768 shares during the period. Nicholas Co. Inc. WI raised its position in Williams-Sonoma by 0.9% in the fourth quarter. Nicholas Co. Inc. WI now owns 138,330 shares of the company’s stock worth $8,079,000 after buying an additional 1,200 shares during the period. Finally, US Bancorp DE raised 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 period.
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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