Williams-Sonoma, Inc. (NYSE:WSM) CEO Laura Alber sold 97,965 shares of the business’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $54.21, for a total transaction of $5,310,682.65. Following the completion of the transaction, the chief executive officer now owns 264,621 shares in the company, valued at $14,345,104.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Williams-Sonoma stock traded down $1.89 during trading hours on Thursday, hitting $51.11. 1,778,376 shares of the company’s stock were exchanged, compared to its average volume of 1,730,757. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 1.62. The stock has a market cap of $4,484.85, a P/E ratio of 14.64, a PEG ratio of 0.98 and a beta of 0.82.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $1.55 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts expect that Williams-Sonoma, Inc. will post 4.18 earnings per share for the current fiscal year.
Williams-Sonoma announced that its Board of Directors has approved a share buyback plan on Wednesday, March 14th that permits the company to repurchase $286.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be given a $0.43 dividend. The ex-dividend date is Thursday, April 26th. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.37%. Williams-Sonoma’s dividend payout ratio is currently 51.49%.
Several large investors have recently made changes to their positions in the business. Blackhill Capital Inc. increased its position in shares of Williams-Sonoma by 0.3% in the 4th quarter. Blackhill Capital Inc. now owns 4,061,332 shares of the specialty retailer’s stock valued at $209,971,000 after purchasing an additional 13,431 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Williams-Sonoma by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,515,793 shares of the specialty retailer’s stock valued at $130,067,000 after buying an additional 50,750 shares in the last quarter. Kiltearn Partners LLP boosted its holdings in shares of Williams-Sonoma by 1.7% in the 4th quarter. Kiltearn Partners LLP now owns 1,185,347 shares of the specialty retailer’s stock valued at $61,282,000 after buying an additional 20,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Williams-Sonoma by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,180,182 shares of the specialty retailer’s stock valued at $58,847,000 after buying an additional 50,456 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Williams-Sonoma by 124.1% in the 4th quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock valued at $44,807,000 after buying an additional 576,300 shares in the last quarter.
Several equities analysts have weighed in on the stock. Barclays set a $45.00 target price on shares of Williams-Sonoma and gave the company a “sell” rating in a report on Thursday, March 15th. BTIG Research boosted their target price on shares of Williams-Sonoma to $47.00 and gave the company a “sell” rating in a report on Thursday, March 15th. Wolfe Research boosted their target price on shares of Williams-Sonoma from $52.00 to $55.00 and gave the company a “peer perform” rating in a report on Thursday, March 15th. Credit Suisse Group set a $48.00 target price on shares of Williams-Sonoma and gave the company an “underperform” rating in a report on Thursday, March 15th. Finally, Stifel Nicolaus boosted their target price on shares of Williams-Sonoma from $54.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, March 15th. Six investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.21.
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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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