Williams-Sonoma Sees Unusually High Options Volume (WSM)
Williams-Sonoma, Inc. (NYSE:WSM) saw unusually large options trading on Monday. Stock traders acquired 30,089 put options on the company. This is an increase of 1,511% compared to the average daily volume of 1,868 put options.
Williams-Sonoma (NYSE WSM) opened at 44.68 on Thursday. Williams-Sonoma has a one year low of $43.96 and a one year high of $57.40. The company has a 50-day moving average price of $46.15 and a 200-day moving average price of $49.08. The stock has a market cap of $3.87 billion, a P/E ratio of 13.01 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Williams-Sonoma will post $3.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s payout ratio is 45.35%.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock worth $489,461,000 after buying an additional 9,047,189 shares during the last quarter. Janus Henderson Group PLC increased its stake in Williams-Sonoma by 1,109.6% in the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after buying an additional 3,226,625 shares during the last quarter. FMR LLC increased its stake in Williams-Sonoma by 115.4% in the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after buying an additional 1,435,014 shares during the last quarter. Kiltearn Partners LLP bought a new stake in Williams-Sonoma during the second quarter worth $38,846,000. Finally, BTIM Corp. bought a new stake in Williams-Sonoma during the first quarter worth $29,472,000. 95.52% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the company. Gordon Haskett assumed coverage on Williams-Sonoma in a research note on Tuesday, May 9th. They issued an “accumulate” rating and a $61.00 target price for the company. SunTrust Banks, Inc. set a $62.00 target price on Williams-Sonoma and gave the company a “buy” rating in a research note on Saturday, June 10th. ValuEngine upgraded Williams-Sonoma from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $56.68.
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Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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