Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) CFO Jeffrey Howie sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the transaction, the chief financial officer directly owned 34,388 shares of the company's stock, valued at $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Jeffrey Howie also recently made the following trade(s):
- On Monday, June 2nd, Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock. The shares were sold at an average price of $157.11, for a total value of $628,440.00.
- On Thursday, May 1st, Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock. The shares were sold at an average price of $156.78, for a total value of $627,120.00.
- On Tuesday, April 22nd, Jeffrey Howie sold 915 shares of Williams-Sonoma stock. The shares were sold at an average price of $141.69, for a total value of $129,646.35.
Williams-Sonoma Stock Up 2.4%
Shares of NYSE WSM traded up $4.00 during mid-day trading on Wednesday, hitting $173.19. 1,608,293 shares of the company were exchanged, compared to its average volume of 1,975,993. The stock has a 50 day simple moving average of $160.68 and a 200-day simple moving average of $175.68. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.74 and a beta of 1.45.
Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company earned $3.48 earnings per share. The company's revenue for the quarter was up 4.2% on a year-over-year basis. Analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.
Williams-Sonoma Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, July 18th. Williams-Sonoma's dividend payout ratio is presently 29.90%.
Institutional Investors Weigh In On Williams-Sonoma
Several hedge funds have recently modified their holdings of WSM. Brighton Jones LLC lifted its holdings in Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer's stock valued at $1,248,000 after acquiring an additional 1,236 shares during the period. SVB Wealth LLC acquired a new stake in Williams-Sonoma in the fourth quarter valued at $264,000. Smartleaf Asset Management LLC lifted its holdings in Williams-Sonoma by 255.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,573 shares of the specialty retailer's stock valued at $293,000 after acquiring an additional 1,130 shares during the period. Bailard Inc. lifted its holdings in Williams-Sonoma by 1.6% in the fourth quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer's stock valued at $758,000 after acquiring an additional 66 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Williams-Sonoma by 132.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,905 shares of the specialty retailer's stock valued at $723,000 after acquiring an additional 2,222 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
WSM has been the subject of a number of research analyst reports. Wedbush lowered their price target on Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Zelman & Associates initiated coverage on Williams-Sonoma in a report on Thursday, May 15th. They issued an "underperform" rating for the company. Robert W. Baird raised Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price target for the company in a report on Monday, April 7th. Royal Bank Of Canada set a $182.00 price target on Williams-Sonoma and gave the company an "outperform" rating in a report on Friday, May 23rd. Finally, UBS Group decreased their price objective on Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Williams-Sonoma presently has an average rating of "Hold" and a consensus price target of $176.75.
View Our Latest Stock Analysis on WSM
Williams-Sonoma Company Profile
(
Get Free Report)
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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