Williams-Sonoma, Inc. (NYSE:WSM) saw unusually large options trading activity on Tuesday. Traders acquired 7,851 put options on the company. This represents an increase of 863% compared to the average daily volume of 815 put options.
A number of analysts have recently weighed in on WSM shares. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “sell” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. lowered shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 target price for the company. in a report on Friday, November 17th. Gordon Haskett lowered shares of Williams-Sonoma from a “hold” rating to a “reduce” rating in a report on Friday, November 17th. Oppenheimer reiterated a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Finally, Morgan Stanley started coverage on shares of Williams-Sonoma in a report on Friday, November 17th. They set a “hold” rating and a $48.00 target price for the company. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.20.
Several hedge funds have recently added to or reduced their stakes in WSM. Crossmark Global Holdings Inc. purchased a new position in shares of Williams-Sonoma during the third quarter valued at approximately $412,000. American Century Companies Inc. lifted its holdings in shares of Williams-Sonoma by 411.0% during the third quarter. American Century Companies Inc. now owns 638,825 shares of the specialty retailer’s stock valued at $31,852,000 after purchasing an additional 513,822 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Williams-Sonoma by 29.2% during the third quarter. Prudential Financial Inc. now owns 235,128 shares of the specialty retailer’s stock valued at $11,723,000 after purchasing an additional 53,170 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Williams-Sonoma by 0.4% during the third quarter. Principal Financial Group Inc. now owns 343,847 shares of the specialty retailer’s stock valued at $17,144,000 after purchasing an additional 1,289 shares during the last quarter. Finally, FDx Advisors Inc. lifted its holdings in shares of Williams-Sonoma by 17.9% during the third quarter. FDx Advisors Inc. now owns 18,153 shares of the specialty retailer’s stock valued at $905,000 after purchasing an additional 2,753 shares during the last quarter.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th were issued a $0.39 dividend. The ex-dividend date was Wednesday, January 24th. This represents a $1.56 annualized dividend and a yield of 2.96%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.19%.
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Williams-Sonoma Company Profile
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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