Williams-Sonoma Inc. (WSM) Stock Price Down 2.5%
Williams-Sonoma Inc. (NYSE:WSM)’s share price traded down 2.5% during trading on Tuesday . The company traded as low as $52.70 and last traded at $52.73, with a volume of 758,595 shares trading hands. The stock had previously closed at $54.08.
A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Williams-Sonoma from $54.00 to $55.00 and gave the company a “sector perform” rating in a research note on Thursday, May 26th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research note on Thursday, April 7th. Telsey Advisory Group cut their target price on shares of Williams-Sonoma from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 16th. BTIG Research assumed coverage on shares of Williams-Sonoma in a research note on Wednesday, June 1st. They issued a “sell” rating and a $45.00 target price on the stock. Finally, Topeka Capital Markets assumed coverage on shares of Williams-Sonoma in a research note on Monday, May 23rd. They issued a “buy” rating and a $62.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.24.
The stock has a 50-day moving average of $53.03 and a 200 day moving average of $54.39. The firm has a market cap of $4.71 billion and a P/E ratio of 15.81.
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 period in the prior year, the business posted $0.48 EPS. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts expect 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. 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 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 completion of the sale, 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 can be accessed through this link.
Other hedge funds and institutional investors recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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 worth $328,409,000 after buying an additional 117,809 shares during the last quarter. Morgan Stanley boosted its position in shares of Williams-Sonoma by 99.8% in the fourth quarter. Morgan Stanley now owns 592,456 shares of the company’s stock worth $34,605,000 after buying an additional 295,946 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Williams-Sonoma by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 341,195 shares of the company’s stock worth $19,930,000 after buying an additional 24,494 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 worth $15,713,000 after buying an additional 1,147 shares during the last quarter. Finally, Century Capital Management LLC boosted its position in shares of Williams-Sonoma by 2.0% in the fourth quarter. Century Capital Management LLC now owns 206,962 shares of the company’s stock worth $12,089,000 after buying an additional 4,024 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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