Williams-Sonoma, Inc. (NYSE:WSM) CFO Sells $703,300.00 in Stock

Williams-Sonoma, Inc. (NYSE:WSMGet Rating) CFO Julie Whalen sold 5,000 shares of Williams-Sonoma stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $140.66, for a total value of $703,300.00. Following the transaction, the chief financial officer now owns 96,239 shares of the company’s stock, valued at $13,536,977.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Julie Whalen also recently made the following trade(s):

  • On Tuesday, May 31st, Julie Whalen sold 5,000 shares of Williams-Sonoma stock. The shares were sold at an average price of $130.00, for a total value of $650,000.00.

Williams-Sonoma Stock Performance

Williams-Sonoma stock opened at $144.69 on Thursday. Williams-Sonoma, Inc. has a 52 week low of $101.58 and a 52 week high of $223.32. The stock has a market capitalization of $9.95 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.63. The stock has a fifty day moving average of $127.55 and a 200-day moving average of $138.13.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings results on Wednesday, May 25th. The specialty retailer reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.51. Williams-Sonoma had a return on equity of 76.64% and a net margin of 13.74%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $2.93 EPS. Williams-Sonoma’s revenue was up 8.1% on a year-over-year basis. On average, research analysts forecast that Williams-Sonoma, Inc. will post 16.08 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $3.12 dividend on an annualized basis and a yield of 2.16%. Williams-Sonoma’s payout ratio is presently 20.25%.

Hedge Funds Weigh In On Williams-Sonoma

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Williams-Sonoma by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 153,184 shares of the specialty retailer’s stock worth $16,996,000 after purchasing an additional 10,889 shares in the last quarter. Van ECK Associates Corp increased its holdings in Williams-Sonoma by 4.5% in the 2nd quarter. Van ECK Associates Corp now owns 2,275 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 98 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Williams-Sonoma by 13.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 68,910 shares of the specialty retailer’s stock worth $7,646,000 after purchasing an additional 7,915 shares in the last quarter. Janiczek Wealth Management LLC grew its position in shares of Williams-Sonoma by 47.3% in the 2nd quarter. Janiczek Wealth Management LLC now owns 570 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 183 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Williams-Sonoma by 8.7% in the 2nd quarter. Assetmark Inc. now owns 231,583 shares of the specialty retailer’s stock valued at $25,694,000 after buying an additional 18,447 shares during the last quarter. Institutional investors and hedge funds own 99.66% of the company’s stock.

Analysts Set New Price Targets

WSM has been the subject of several recent research reports. Morgan Stanley reduced their price target on Williams-Sonoma from $152.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Wells Fargo & Company reduced their price target on Williams-Sonoma from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, May 26th. William Blair restated a “market perform” rating on shares of Williams-Sonoma in a research note on Thursday, May 26th. Royal Bank of Canada reduced their price target on Williams-Sonoma from $220.00 to $185.00 in a research note on Thursday, May 26th. Finally, Wedbush reduced their price target on Williams-Sonoma to $155.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $153.69.

Williams-Sonoma Company Profile

(Get Rating)

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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