Stock Traders Buy High Volume of Call Options on Williams-Sonoma (WSM)
Williams-Sonoma (NYSE:WSM) was the recipient of unusually large options trading activity on Thursday. Traders bought 5,176 call options on the company, Stock Ratings Network reports. This is an increase of approximately 550% compared to the typical volume of 796 call options.
Several analysts have recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of Williams-Sonoma in a research note on Thursday. Separately, analysts at Morgan Stanley downgraded shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $74.00 price target on the stock, down previously from $82.00. Finally, analysts at Canaccord Genuity raised their price target on shares of Williams-Sonoma from $65.00 to $67.00 in a research note on Thursday. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten 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 $69.24.
Williams-Sonoma (NYSE:WSM) traded down 11.96% on Thursday, hitting $65.93. 11,380,467 shares of the company’s stock traded hands. Williams-Sonoma has a 52-week low of $51.70 and a 52-week high of $75.69. The stock has a 50-day moving average of $70.66 and a 200-day moving average of $65.87. The company has a market cap of $6.205 billion and a P/E ratio of 25.74.
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 $3.21 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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