Williams-Sonoma Target of Unusually Large Options Trading (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSM) saw unusually large options trading activity on Tuesday. Traders acquired 2,079 put options on the stock. This is an increase of approximately 1,012% compared to the typical volume of 187 put options.

WSM opened at $66.10 on Wednesday. The stock’s fifty day simple moving average is $65.81. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. Williams-Sonoma has a 52 week low of $45.01 and a 52 week high of $73.99. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.90 and a beta of 0.85.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts forecast that Williams-Sonoma will post 4.67 earnings per share for the current fiscal year.



The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio is presently 43.05%.

A number of analysts recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Williams-Sonoma in a report on Thursday, July 11th. They issued a “buy” rating and a $72.00 price target for the company. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, June 28th. UBS Group raised their price target on shares of Williams-Sonoma from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Bank of America set a $45.00 price target on shares of Williams-Sonoma and gave the company an “underperform” rating in a report on Friday, May 31st. Finally, Argus raised their price target on shares of Williams-Sonoma to $73.00 and gave the company a “positive” rating in a report on Monday, July 15th. Four investment 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 company currently has a consensus rating of “Hold” and an average target price of $60.48.

In other news, insider Marta Benson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the sale, the insider now owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sabrina Simmons sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total transaction of $105,140.00. Following the sale, the director now directly owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSM. Psagot Investment House Ltd. acquired a new stake in Williams-Sonoma during the 2nd quarter worth $25,000. Penserra Capital Management LLC acquired a new stake in Williams-Sonoma during the 1st quarter worth $28,000. Meeder Asset Management Inc. acquired a new stake in Williams-Sonoma during the 2nd quarter worth $43,000. Truvestments Capital LLC acquired a new stake in Williams-Sonoma during the 1st quarter worth $55,000. Finally, Marshall Wace North America L.P. acquired a new stake in Williams-Sonoma during the 1st quarter worth $56,000.

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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