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

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

In other news, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sabrina Simmons sold 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the transaction, the director now directly owns 10,915 shares of the company’s stock, valued at $655,773.20. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Psagot Investment House Ltd. purchased a new stake in shares of Williams-Sonoma in the second quarter valued at $25,000. Penserra Capital Management LLC purchased a new stake in shares of Williams-Sonoma in the first quarter valued at $28,000. Meeder Asset Management Inc. purchased a new stake in shares of Williams-Sonoma in the second quarter valued at $43,000. Truvestments Capital LLC purchased a new stake in shares of Williams-Sonoma in the first quarter valued at $55,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Williams-Sonoma in the first quarter valued at $56,000.

Several equities analysts have recently commented on WSM shares. UBS Group upped their target price on Williams-Sonoma from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Argus upped their target price on Williams-Sonoma to $73.00 and gave the company a “positive” rating in a report on Monday, July 15th. Morgan Stanley upped their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. Bank of America set a $45.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a report on Friday, May 31st. Finally, Goldman Sachs Group started coverage on Williams-Sonoma in a report on Thursday, July 11th. They issued a “buy” rating and a $72.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $60.48.

Shares of NYSE:WSM opened at $66.10 on Wednesday. Williams-Sonoma has a one year low of $45.01 and a one year high of $73.99. The firm’s fifty day moving average is $65.81. The firm has a market cap of $5.04 billion, a P/E ratio of 14.82, a PEG ratio of 1.90 and a beta of 0.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.33 and a quick ratio of 0.30.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. As a group, research analysts expect 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. Stockholders of record on Friday, July 26th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.90%. Williams-Sonoma’s payout ratio is currently 43.05%.

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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