Williams-Sonoma Inc. (WSM) Shares Gap Up to $54.01
Williams-Sonoma Inc. (NYSE:WSM) gapped up before the market opened on Monday . The stock had previously closed at $53.82, but opened at $54.01. Williams-Sonoma shares last traded at $54.59, with a volume of 1,025,177 shares trading hands.
Several research firms recently issued reports on WSM. Topeka Capital Markets began coverage on Williams-Sonoma in a research note on Monday, May 23rd. They set a “buy” rating and a $62.00 price objective for the company. Piper Jaffray Cos. dropped their price objective on Williams-Sonoma from $63.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, May 26th. BTIG Research began coverage on Williams-Sonoma in a research note on Wednesday, June 1st. They set a “sell” rating and a $45.00 price objective for the company. Royal Bank Of Canada reissued a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, May 29th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $55.00 price objective on shares of Williams-Sonoma in a research note on Friday, May 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.38.
The firm has a market cap of $4.82 billion and a price-to-earnings ratio of 16.20. The stock’s 50-day moving average is $53.03 and its 200-day moving average is $54.51.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data 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 last year, the company earned $0.48 earnings per share. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Williams-Sonoma Inc. will post $3.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 22nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, July 20th.
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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently bought and sold shares of the company. Royce & Associates LLC purchased a new stake in Williams-Sonoma during the fourth quarter worth $1,139,000. Alpine Woods Capital Investors LLC bought a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $1,425,000. Airain ltd bought a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $1,488,000. US Bancorp DE raised its position in shares of 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. Finally, Trexquant Investment LP bought a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $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.
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