Williams-Sonoma Inc. (WSM) Insider James W. Jr. Brett Sells 16,355 Shares of Stock
Williams-Sonoma Inc. (NYSE:WSM) insider James W. Jr. Brett sold 16,355 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $54.49, for a total value of $891,183.95. Following the completion of the transaction, the insider now directly owns 24,978 shares of the company’s stock, valued at $1,361,051.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Williams-Sonoma Inc. (NYSE:WSM) traded down 0.11% on Thursday, reaching $54.87. The company’s stock had a trading volume of 1,107,798 shares. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 16.32 and a beta of 0.84. Williams-Sonoma Inc. has a 52 week low of $45.96 and a 52 week high of $65.08. The firm’s 50 day moving average price is $49.19 and its 200-day moving average price is $51.54.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The business earned $1.25 million during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. On average, equities analysts predict that Williams-Sonoma Inc. will post $3.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is presently 44.18%.
Several analysts have issued reports on the company. SunTrust Banks Inc. restated a “buy” rating on shares of Williams-Sonoma in a report on Saturday, November 19th. Wedbush restated a “neutral” rating and issued a $53.00 target price on shares of Williams-Sonoma in a report on Thursday, August 25th. Zacks Investment Research upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Barclays PLC set a $40.00 target price on Williams-Sonoma and gave the company a “sell” rating in a report on Friday, November 18th. Finally, Telsey Advisory Group dropped their target price on Williams-Sonoma from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, November 18th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $57.16.
Several large investors have recently added to or reduced their stakes in WSM. BlackRock Advisors LLC raised its stake in Williams-Sonoma by 213.2% in the third quarter. BlackRock Advisors LLC now owns 1,440,275 shares of the company’s stock valued at $73,569,000 after buying an additional 980,370 shares in the last quarter. Fiera Capital Corp raised its stake in Williams-Sonoma by 2,173.7% in the second quarter. Fiera Capital Corp now owns 1,014,091 shares of the company’s stock worth $52,865,000 after buying an additional 969,491 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Williams-Sonoma by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,351,855 shares of the company’s stock worth $171,213,000 after buying an additional 675,438 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Williams-Sonoma by 517.1% in the third quarter. Neuberger Berman Group LLC now owns 684,725 shares of the company’s stock worth $34,976,000 after buying an additional 573,774 shares during the last quarter. Finally, HS Management Partners LLC raised its stake in Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock worth $162,248,000 after buying an additional 531,800 shares during the last quarter. 98.91% of the stock is owned by institutional investors and hedge funds.
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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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