Williams-Sonoma Inc. (WSM) Shares Up 2.1%
Shares of Williams-Sonoma Inc. (NYSE:WSM) shot up 2.1% on Thursday . The stock traded as high as $57.40 and last traded at $55.26, with a volume of 6,090,928 shares traded. The stock had previously closed at $54.14.
Several brokerages have weighed in on WSM. Piper Jaffray Cos. reissued a “hold” rating on shares of Williams-Sonoma in a report on Sunday, May 29th. Royal Bank Of Canada reissued a “hold” rating on shares of Williams-Sonoma in a report on Sunday, May 29th. Vetr raised Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $58.75 price objective for the company in a report on Wednesday, July 27th. Citigroup Inc. dropped their price objective on Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Williams-Sonoma in a research note on Thursday. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the stock. Williams-Sonoma presently has an average rating of “Hold” and an average price target of $60.63.
The firm has a 50-day moving average of $53.26 and a 200-day moving average of $54.56. The stock has a market cap of $4.92 billion and a PE ratio of 16.51.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma Inc. will post $3.57 earnings per share for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a dividend yield of 2.68%.
In other news, CFO Julie Whalen sold 13,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,176,388.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
A number of large investors recently made changes to their positions in WSM. Wells Fargo & Company MN increased its stake in shares of Williams-Sonoma by 109.5% in the fourth quarter. Wells Fargo & Company MN now owns 173,681 shares of the company’s stock valued at $10,145,000 after buying an additional 90,768 shares during the period. Principal Financial Group Inc. increased its stake 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 valued at $15,713,000 after buying an additional 1,147 shares during the period. Royce & Associates LLC acquired a new position in Williams-Sonoma during the fourth quarter valued at $1,139,000. Airain ltd acquired a new position in Williams-Sonoma during the fourth quarter valued at $1,488,000. Finally, BlackRock Advisors LLC boosted 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 valued at $14,530,000 after buying an additional 229,161 shares in the last quarter.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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