Trade Report: Today, Williams-Sonoma Inc. (WSM) Cut to Sell at Vetr Inc.

Today, Williams-Sonoma Inc. (WSM) Cut to Sell at Vetr Inc.

Vetr lowered shares of Williams-Sonoma Inc. (NYSE:WSM) from a hold rating to a sell rating in a research report released on Tuesday. The firm currently has $52.53 target price on the stock.

WSM has been the topic of several other reports. Oppenheimer Holdings Inc. assumed coverage on shares of Williams-Sonoma in a report on Tuesday, September 20th. They issued an outperform rating on the stock. Barclays PLC set a $40.00 target price on shares of Williams-Sonoma and gave the stock a sell rating in a report on Friday, November 18th. Credit Suisse Group AG assumed coverage on shares of Williams-Sonoma in a report on Thursday, August 25th. They issued a neutral rating and a $50.00 target price on the stock. Argus reiterated a buy rating and issued a $75.00 target price on shares of Williams-Sonoma in a report on Monday, August 29th. Finally, Wedbush reiterated a neutral rating and issued a $53.00 target price on shares of Williams-Sonoma in a report on Thursday, August 4th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Williams-Sonoma has a consensus rating of Hold and an average target price of $57.16.

Shares of Williams-Sonoma (NYSE:WSM) opened at 54.87 on Tuesday. Williams-Sonoma has a one year low of $45.96 and a one year high of $65.08. The company has a 50-day moving average of $49.19 and a 200-day moving average of $51.54. The company has a market capitalization of $4.83 billion, a PE ratio of 16.32 and a beta of 0.84.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The company had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. On average, analysts anticipate that Williams-Sonoma will post $3.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is currently 44.18%.

In other news, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the completion of the transaction, the chief executive officer now directly owns 307,860 shares in the company, valued at approximately $16,375,073.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James W. Jr. Brett sold 16,355 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $54.49, for a total transaction of $891,183.95. Following the completion of the transaction, the insider now owns 24,978 shares of the company’s stock, valued at $1,361,051.22. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Williams-Sonoma by 2.2% in the second quarter. Vanguard Group Inc. now owns 5,819,191 shares of the company’s stock valued at $303,353,000 after buying an additional 123,732 shares during the last quarter. Blackhill Capital Inc. boosted its position in shares of Williams-Sonoma by 0.3% in the second quarter. Blackhill Capital Inc. now owns 4,974,375 shares of the company’s stock valued at $259,314,000 after buying an additional 12,776 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Williams-Sonoma by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,351,855 shares of the company’s stock valued at $171,213,000 after buying an additional 675,438 shares during the last quarter. HS Management Partners LLC boosted its position in shares of Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock valued at $162,248,000 after buying an additional 531,800 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Williams-Sonoma by 3.8% in the third quarter. BlackRock Fund Advisors now owns 3,054,456 shares of the company’s stock valued at $156,022,000 after buying an additional 111,283 shares during the last quarter. Institutional investors own 98.91% of the company’s stock.

About Williams-Sonoma

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

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