Williams-Sonoma Target of Unusually Large Options Trading (WSM)
Shares of Williams-Sonoma (NYSE:WSM) were the target of some unusual options trading activity on Wednesday. Investors acquired 5,945 put options on the stock, Analyst Ratings Net reports. This is an increase of approximately 909% compared to the average volume of 589 put options.
Several analysts have recently commented on the stock. Analysts at SunTrust raised their price target on shares of Williams-Sonoma from $78.00 to $83.00 in a research note on Thursday, August 21st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Williams-Sonoma in a research note on Tuesday, August 12th. They now have a $74.00 price target on the stock. Finally, analysts at Makor Capital initiated coverage on shares of Williams-Sonoma in a research note on Thursday, July 17th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. Williams-Sonoma has a consensus rating of “Buy” and a consensus target price of $69.80.
Shares of Williams-Sonoma (NYSE:WSM) traded up 0.05% during mid-day trading on Wednesday, hitting $74.89. The stock had a trading volume of 2,820,418 shares. Williams-Sonoma has a 1-year low of $51.70 and a 1-year high of $75.54. The stock’s 50-day moving average is $70.61 and its 200-day moving average is $65.73. The company has a market cap of $7.048 billion and a P/E ratio of 25.72.
Williams-Sonoma (NYSE:WSM) last released its earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.53. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.49 earnings per share. Williams-Sonoma’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Williams-Sonoma will post $3.20 earnings per share 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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