Williams-Sonoma (NYSE:WSM) Stock Crosses Above 200-Day Moving Average of $135.80

Williams-Sonoma, Inc. (NYSE:WSM)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $135.80 and traded as high as $157.26. Williams-Sonoma shares last traded at $151.15, with a volume of 1,401,566 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WSM shares. StockNews.com lowered Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a $150.00 price target on shares of Williams-Sonoma in a report on Friday, June 7th. TD Cowen decreased their price target on Williams-Sonoma from $340.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $137.50 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Finally, Evercore ISI increased their price target on Williams-Sonoma from $155.00 to $157.50 and gave the company an “in-line” rating in a report on Tuesday, May 14th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $131.69.

Williams-Sonoma Price Performance

The business has a 50-day moving average of $148.81 and a two-hundred day moving average of $136.29. The company has a market cap of $20.00 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.56 and a beta of 1.75.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.65. Williams-Sonoma had a return on equity of 54.50% and a net margin of 13.83%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Equities analysts anticipate that Williams-Sonoma, Inc. will post 7.25 EPS for the current fiscal year.

Williams-Sonoma Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 19th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, July 19th. Williams-Sonoma’s payout ratio is currently 27.99%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, insider Monica Bhargava sold 17,862 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $149.14, for a total value of $2,663,938.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Williams-Sonoma news, EVP David Randolph King sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $143.93, for a total value of $2,878,500.00. Following the completion of the sale, the executive vice president now owns 101,024 shares of the company’s stock, valued at $14,539,879.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Monica Bhargava sold 17,862 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $149.14, for a total value of $2,663,938.68. The disclosure for this sale can be found here. Insiders have sold a total of 117,862 shares of company stock valued at $18,171,039 over the last quarter. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Williams-Sonoma

Several institutional investors have recently added to or reduced their stakes in WSM. Norges Bank purchased a new position in shares of Williams-Sonoma in the fourth quarter worth about $152,843,000. Captrust Financial Advisors raised its stake in shares of Williams-Sonoma by 37.5% in the first quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer’s stock worth $223,833,000 after purchasing an additional 192,432 shares during the last quarter. Truist Financial Corp raised its stake in shares of Williams-Sonoma by 4,101.0% in the fourth quarter. Truist Financial Corp now owns 138,004 shares of the specialty retailer’s stock worth $27,846,000 after purchasing an additional 134,719 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Williams-Sonoma during the first quarter valued at approximately $40,060,000. Finally, Reik & CO. LLC raised its position in Williams-Sonoma by 96.6% during the second quarter. Reik & CO. LLC now owns 219,576 shares of the specialty retailer’s stock valued at $62,002,000 after acquiring an additional 107,910 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.