Williams-Sonoma, Inc. (NYSE:WSM) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 16,449,200 shares, a decline of 11.9% from the May 30th total of 18,660,900 shares. Based on an average daily volume of 1,750,000 shares, the short-interest ratio is presently 9.4 days. Currently, 20.7% of the shares of the company are sold short.
WSM stock opened at $65.44 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. Williams-Sonoma has a one year low of $45.01 and a one year high of $73.99. The stock has a market cap of $5.01 billion, a PE ratio of 14.67, a PEG ratio of 1.89 and a beta of 0.86. The business has a 50 day moving average of $60.16.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Williams-Sonoma will post 4.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 43.05%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, June 28th. Royal Bank of Canada upped their price target on Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, March 21st. Evercore ISI started coverage on shares of Polarityte in a report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 price objective for the company in a research report on Thursday, June 13th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.81.
In other Williams-Sonoma news, insider Marta Benson sold 5,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $61.60, for a total transaction of $308,000.00. Following the sale, the insider now owns 17,061 shares in the company, valued at $1,050,957.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sabrina Simmons sold 1,750 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total value of $105,140.00. Following the sale, the director now owns 10,915 shares in the company, valued at approximately $655,773.20. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Clark Capital Management Group Inc. lifted its position in shares of Williams-Sonoma by 660.7% in the 2nd quarter. Clark Capital Management Group Inc. now owns 355,103 shares of the specialty retailer’s stock worth $23,082,000 after purchasing an additional 308,422 shares during the period. Ingalls & Snyder LLC increased its position in shares of Williams-Sonoma by 31.6% during the second quarter. Ingalls & Snyder LLC now owns 19,968 shares of the specialty retailer’s stock valued at $1,298,000 after buying an additional 4,796 shares during the period. Smithbridge Asset Management Inc. DE increased its position in shares of Williams-Sonoma by 1.5% during the second quarter. Smithbridge Asset Management Inc. DE now owns 52,645 shares of the specialty retailer’s stock valued at $3,422,000 after buying an additional 795 shares during the period. Signature Wealth Management Group raised its stake in Williams-Sonoma by 0.8% in the second quarter. Signature Wealth Management Group now owns 54,331 shares of the specialty retailer’s stock worth $3,523,000 after buying an additional 442 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Williams-Sonoma by 5.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 37,903 shares of the specialty retailer’s stock worth $2,133,000 after buying an additional 1,839 shares in the last quarter.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including 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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