Williams-Sonoma, Inc. (NYSE:WSM) CFO Julie Whalen sold 3,000 shares of the firm's stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $172.42, for a total transaction of $517,260.00. Following the completion of the transaction, the chief financial officer now directly owns 55,510 shares in the company, valued at approximately $9,571,034.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
WSM traded up $2.23 during trading on Friday, reaching $174.31. 1,688,951 shares of the stock were exchanged, compared to its average volume of 1,483,193. The stock has a market cap of $13.28 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.61 and a beta of 1.63. Williams-Sonoma, Inc. has a twelve month low of $47.89 and a twelve month high of $188.23. The stock's 50 day moving average price is $159.06 and its two-hundred day moving average price is $122.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 1.36.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Tuesday, March 16th. The specialty retailer reported $3.95 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.22 by $0.73. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.18 billion. Williams-Sonoma had a net margin of 6.83% and a return on equity of 36.53%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 earnings per share. Equities research analysts predict that Williams-Sonoma, Inc. will post 6.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, April 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.35%. This is an increase from Williams-Sonoma's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, April 22nd. Williams-Sonoma's payout ratio is presently 43.80%.
A number of institutional investors and hedge funds have recently modified their holdings of WSM. Simon Quick Advisors LLC acquired a new position in Williams-Sonoma during the fourth quarter worth $28,000. DB Wealth Management Group LLC acquired a new position in Williams-Sonoma during the fourth quarter worth $28,000. JJJ Advisors Inc. increased its holdings in Williams-Sonoma by 594.0% during the fourth quarter. JJJ Advisors Inc. now owns 347 shares of the specialty retailer's stock worth $35,000 after buying an additional 297 shares during the last quarter. Twin Tree Management LP bought a new position in Williams-Sonoma during the fourth quarter worth $39,000. Finally, Optimum Investment Advisors bought a new position in Williams-Sonoma during the fourth quarter worth $51,000. Institutional investors and hedge funds own 98.58% of the company's stock.
WSM has been the topic of several recent research reports. Gordon Haskett raised shares of Williams-Sonoma from a "hold" rating to a "buy" rating in a research note on Wednesday, March 24th. Oppenheimer reissued a "hold" rating and set a $136.00 price objective on shares of Williams-Sonoma in a research note on Thursday, March 18th. Telsey Advisory Group lifted their price objective on shares of Williams-Sonoma from $175.00 to $195.00 and gave the stock an "outperform" rating in a research note on Thursday, April 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Williams-Sonoma in a research note on Monday, March 15th. They set a "neutral" rating and a $127.00 price objective on the stock. Finally, Argus lifted their price objective on shares of Williams-Sonoma from $185.00 to $205.00 in a research note on Tuesday, April 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus target price of $146.25.
Williams-Sonoma Company Profile
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 brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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