Williams-Sonoma Inc. (WSM) Trading 2.1% Higher
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded 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 trading hands. The stock had previously closed at $54.14.
Several analysts have recently weighed in on the stock. Longbow Research assumed coverage on shares of Williams-Sonoma in a report on Tuesday, May 10th. They issued a “neutral” rating on the stock. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $56.00 target price (down previously from $60.00) on shares of Williams-Sonoma in a report on Friday. Vetr downgraded shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 target price on the stock. in a report on Tuesday. Citigroup Inc. lowered their target price on shares of Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Williams-Sonoma in a report on Thursday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.26.
The firm’s 50-day moving average is $53.39 and its 200 day moving average is $54.57. The stock has a market capitalization of $4.68 billion and a price-to-earnings ratio of 15.79.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The firm earned $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. Analysts anticipate that Williams-Sonoma Inc. will post $3.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, July 22nd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Wednesday, July 20th.
In other Williams-Sonoma news, CFO Julie Whalen sold 13,500 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 22,259 shares in the company, valued at $1,176,388.15. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Several hedge funds and institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position 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 last quarter. 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 period. Royce & Associates LLC bought a new stake in Williams-Sonoma during the fourth quarter worth about $1,139,000. Airain ltd bought a new stake in Williams-Sonoma during the fourth quarter worth about $1,488,000. Finally, BlackRock Advisors LLC raised its stake 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.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.