Investors Purchase High Volume of Williams-Sonoma Put Options (WSM)
Williams-Sonoma (NYSE:WSM) was the recipient of some unusual options trading on Wednesday. Stock investors bought 9,947 put options on the stock, American Banking News.com reports. This is an increase of 1,683% compared to the average daily volume of 558 put options.
WSM has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Williams-Sonoma from $61.00 to $67.00 in a research note on Monday, April 14th. They now have a “market perform” rating on the stock. Separately, analysts at BB&T Corp. raised their price target on shares of Williams-Sonoma to $71.00 in a research note on Monday, March 17th. Finally, analysts at Citigroup Inc. downgraded shares of Williams-Sonoma to a “focus list” rating in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.53.
Williams-Sonoma (NYSE:WSM) traded up 0.52% during mid-day trading on Wednesday, hitting $63.73. The stock had a trading volume of 2,201,796 shares. Williams-Sonoma has a 52 week low of $51.70 and a 52 week high of $68.05. The stock has a 50-day moving average of $63.4 and a 200-day moving average of $59.31. The company has a market cap of $5.999 billion and a price-to-earnings ratio of 22.48.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, May 21st. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.04. The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $941.88 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Williams-Sonoma will post $3.17 EPS for the current fiscal year.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company is an e- commerce retailer with brands in home furnishings.
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