Williams-Sonoma Inc. (WSM) Trading Down 2.3%
Williams-Sonoma Inc. (NYSE:WSM) shares fell 2.3% during trading on Friday . The company traded as low as $53.86 and last traded at $53.89, with a volume of 716,652 shares trading hands. The stock had previously closed at $55.17.
WSM has been the topic of a number of analyst reports. Deutsche Bank AG reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, April 14th. Wolfe Research lowered their target price on shares of Williams-Sonoma from $55.00 to $54.00 and set a “peer perform” rating on the stock in a research note on Thursday, March 17th. Piper Jaffray Cos. lowered their target price on shares of Williams-Sonoma from $72.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, March 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Williams-Sonoma in a research note on Thursday, March 17th. Finally, Telsey Advisory Group lowered their target price on shares of Williams-Sonoma from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 17th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.24.
The stock has a 50 day moving average of $52.94 and a 200 day moving average of $54.62. The company has a market capitalization of $4.77 billion and a P/E ratio of 16.03.
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. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, analysts expect that Williams-Sonoma Inc. will post $3.58 EPS for the current fiscal 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 issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, July 20th.
In other Williams-Sonoma news, CFO Julie Whalen sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $52.85, for a total transaction of $713,475.00. Following the sale, the chief financial officer now directly owns 22,259 shares of the company’s stock, valued at approximately $1,176,388.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Other large investors have bought and sold shares of the company. Mandatum Life Insurance Co Ltd acquired a new stake in Williams-Sonoma during the fourth quarter worth $2,120,000. Royce & Associates LLC acquired a new stake in Williams-Sonoma during the fourth quarter worth $1,139,000. Principal Financial Group Inc. raised its stake 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 last quarter. Wells Fargo & Company MN raised its stake 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 last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Williams-Sonoma by 0.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 50,025 shares of the company’s stock worth $2,921,000 after buying an additional 126 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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