Williams-Sonoma Director Mike Lynch Sells 5,445 Shares (WSM)
Williams-Sonoma (NYSE:WSM) Director Mike Lynch sold 5,445 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $52.91, for a total value of $288,094.95. Following the completion of the transaction, the director now directly owns 11,964 shares of the company’s stock, valued at approximately $633,015. The sale was disclosed in a document filed with the SEC, which is available at this link.
Williams-Sonoma (NYSE:WSM) traded up 0.80% during mid-day trading on Thursday, hitting $52.80. 1,529,835 shares of the company’s stock traded hands. Williams-Sonoma has a 1-year low of $41.99 and a 1-year high of $61.56. The stock has a 50-day moving average of $56.21 and a 200-day moving average of $55.68. The company has a market cap of $5.053 billion and a P/E ratio of 19.32.
Williams-Sonoma (NYSE:WSM) last released its earnings data on Wednesday, August 28th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.43 earnings per share. Williams-Sonoma’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Williams-Sonoma will post $2.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 25th. Stockholders of record on Friday, October 25th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, October 23rd.
A number of research firms have recently commented on WSM. Analysts at Canaccord Genuity downgraded shares of Williams-Sonoma 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 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 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. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $55.49.
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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