Insider Selling: Laura Alber Unloads 24,580 Shares of Williams-Sonoma Stock (WSM)
Williams-Sonoma (NYSE:WSM) CEO Laura Alber unloaded 24,580 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $57.51, for a total value of $1,413,595.80. Following the sale, the chief executive officer now directly owns 133,589 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Williams-Sonoma (NYSE:WSM) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, September 3rd. Separately, analysts at SunTrust cut their price target on shares of Williams-Sonoma (NYSE:WSM) from $70.00 to $68.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Williams-Sonoma (NYSE:WSM) from $52.00 to $55.00 in a research note to investors on Thursday, August 29th. They now have a “market perform” rating on the stock.
Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.49.
Williams-Sonoma (NYSE:WSM) traded down 2.25% during mid-day trading on Thursday, hitting $56.87. 1,312,781 shares of the company’s stock traded hands. Williams-Sonoma has a one year low of $41.99 and a one year high of $61.56. The stock’s 50-day moving average is $58.20 and its 200-day moving average is $54.74. The company has a market cap of $5.510 billion and a price-to-earnings ratio of 21.46.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $982.00 million for the quarter, compared to the consensus estimate of $939.80 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Williams-Sonoma will post $2.81 EPS for the current fiscal year.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The direct-to-customer segment of the Company’s business sells its products through its six e-commerce Websites (NYSE:WSM) and seven direct-mail catalogs (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, West Elm and Rejuvenation).
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