Traders Buy High Volume of Williams-Sonoma Call Options (WSM)

Williams-Sonoma, Inc. (NYSE:WSM) was the recipient of some unusual options trading activity on Friday. Traders purchased 6,032 call options on the stock. This represents an increase of 266% compared to the average daily volume of 1,647 call options.

Shares of Williams-Sonoma (WSM) opened at 52.19 on Monday. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85. The company has a 50 day moving average of $47.70 and a 200-day moving average of $48.91.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. Williams-Sonoma’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. On average, analysts anticipate that Williams-Sonoma will post $3.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.

A number of hedge funds have recently made changes to their positions in WSM. BlackRock Inc. boosted its stake in Williams-Sonoma by 11,148.3% during 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 period. Janus Henderson Group PLC boosted its stake in Williams-Sonoma by 1,109.6% during 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 period. FMR LLC boosted its stake in Williams-Sonoma by 115.4% during 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 period. Kiltearn Partners LLP purchased a new position in Williams-Sonoma during the second quarter worth about $38,846,000. Finally, Vanguard Group Inc. boosted its stake in Williams-Sonoma by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after buying an additional 506,305 shares during the period. 97.89% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on WSM shares. Buckingham Research reduced their price objective on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on shares of Williams-Sonoma and gave the stock a “hold” rating in a research report on Thursday, August 24th. Royal Bank Of Canada upped their price objective on shares of Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 24th. Bank of America Corporation restated an “underperform” rating and set a $40.00 price objective (down from $44.00) on shares of Williams-Sonoma in a research report on Wednesday, August 23rd. Finally, BidaskClub upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and an average price target of $51.65.

ILLEGAL ACTIVITY NOTICE: “Traders Buy High Volume of Williams-Sonoma Call Options (WSM)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/traders-buy-high-volume-of-williams-sonoma-call-options-wsm.html.

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 K

Shares of Williams-Sonoma (WSM) opened at 52.19 on Monday. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 14.99 and a beta of 0.85. The company has a 50 day moving average of $47.70 and a 200-day moving average of $48.91.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. Williams-Sonoma’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. On average, analysts anticipate that Williams-Sonoma will post $3.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.

A number of hedge funds have recently made changes to their positions in WSM. BlackRock Inc. boosted its stake in Williams-Sonoma by 11,148.3% during 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 period. Janus Henderson Group PLC boosted its stake in Williams-Sonoma by 1,109.6% during 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 period. FMR LLC boosted its stake in Williams-Sonoma by 115.4% during 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 period. Kiltearn Partners LLP purchased a new position in Williams-Sonoma during the second quarter worth about $38,846,000. Finally, Vanguard Group Inc. boosted its stake in Williams-Sonoma by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after buying an additional 506,305 shares during the period. 97.89% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on WSM shares. Buckingham Research reduced their price objective on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on shares of Williams-Sonoma and gave the stock a “hold” rating in a research report on Thursday, August 24th. Royal Bank Of Canada upped their price objective on shares of Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 24th. Bank of America Corporation restated an “underperform” rating and set a $40.00 price objective (down from $44.00) on shares of Williams-Sonoma in a research report on Wednesday, August 23rd. Finally, BidaskClub upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and an average price target of $51.65.

ILLEGAL ACTIVITY NOTICE: “Traders Buy High Volume of Williams-Sonoma Call Options (WSM)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/09/traders-buy-high-volume-of-williams-sonoma-call-options-wsm.html.

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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