Williams-Sonoma (NYSE:WSM) Reaches New 12-Month High at $72.28

Williams-Sonoma, Inc. (NYSE:WSM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.28 and last traded at $72.28, with a volume of 3633 shares trading hands. The stock had previously closed at $71.17.

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Williams-Sonoma from $58.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Goldman Sachs Group set a $76.00 price target on Williams-Sonoma and gave the company a “buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. raised their price target on Williams-Sonoma from $55.00 to $64.00 and gave the company an “underweight” rating in a research report on Thursday, August 29th. UBS Group raised their price target on Williams-Sonoma from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Barclays initiated coverage on Williams-Sonoma in a research report on Tuesday. They issued an “overweight” rating and a $77.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.91.

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.31 and a quick ratio of 0.31. The company’s 50 day moving average is $68.26 and its two-hundred day moving average is $63.73. The firm has a market cap of $5.50 billion, a P/E ratio of 16.34, a PEG ratio of 1.56 and a beta of 0.89.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Williams-Sonoma had a net margin of 6.07% and a return on equity of 33.89%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. Research analysts predict that Williams-Sonoma, Inc. will post 4.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, October 24th. Williams-Sonoma’s dividend payout ratio is 43.05%.

In other Williams-Sonoma news, insider Alex Bellos sold 4,820 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $65.25, for a total transaction of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares in the company, valued at $533,549.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Laura Alber sold 35,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $70.57, for a total transaction of $2,469,950.00. Following the transaction, the chief executive officer now owns 411,861 shares of the company’s stock, valued at approximately $29,065,030.77. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Psagot Investment House Ltd. bought a new position in Williams-Sonoma during the second quarter worth about $25,000. Flagship Harbor Advisors LLC lifted its stake in Williams-Sonoma by 68.6% during the third quarter. Flagship Harbor Advisors LLC now owns 499 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 203 shares during the period. CWM LLC increased its holdings in shares of Williams-Sonoma by 174.2% during the third quarter. CWM LLC now owns 532 shares of the specialty retailer’s stock worth $36,000 after buying an additional 338 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Williams-Sonoma during the second quarter worth approximately $43,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Williams-Sonoma during the first quarter worth approximately $56,000.

Williams-Sonoma Company Profile (NYSE:WSM)

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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