In yesterday’s Wall Street session, Williams-Sonoma Inc. (NYSE:WSM) shares traded at $114.92, down -1.40% from the previous session.
WSM stock price is now -3.85% away from the 50-day moving average and -12.88% away from the 200-day moving average. The market capitalization of the company currently stands at $7.76B.
On November 28, 2022, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $150 to quote $100, while ‘Barclays’ rates the stock as ‘Equal Weight’.
In other news, Benson Marta, PRESIDENT POTTERY BARN BRAND sold 10,000 shares of the company’s stock on Dec 02. The stock was sold for $1,148,790 at an average price of $114.88. Upon completion of the transaction, the PRESIDENT POTTERY BARN BRAND now directly owns 33,477 shares in the company, valued at $3.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09, PRESIDENT & CEO ALBER LAURA sold 20,000 shares of the business’s stock. A total of $3,008,582 was realized by selling the stock at an average price of $150.43. This leaves the insider owning 501,653 shares of the company worth $57.65 million. Insiders disposed of 434,631 shares of company stock worth roughly $49.95 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WSM stock. A new stake in Williams-Sonoma Inc. shares was purchased by JUPITER ASSET MANAGEMENT LTD during the first quarter worth $19,618,000. MARSHALL WACE, LLP invested $16,265,000 in shares of WSM during the first quarter. In the first quarter, HOWARD HUGHES MEDICAL INSTITUTE acquired a new stake in Williams-Sonoma Inc. valued at approximately $10,688,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in WSM for approximately $6,164,000. ROMANO BROTHERS AND COMPANY purchased a new stake in WSM valued at around $6,138,000 in the second quarter.
On Friday morning Williams-Sonoma Inc. (NYSE: WSM) stock kicked off with the opening price of $114.97. During the past 12 months, Williams-Sonoma Inc. has had a low of $101.58 and a high of $176.89. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 0.20. The fifty day moving average price for WSM is $119.50 and a two-hundred day moving average price translates $131.73 for the stock.
The latest earnings results from Williams-Sonoma Inc. (NYSE: WSM) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at $3.87, beating analysts’ expectations of $3.49 by 0.38. This compares to $3.29 EPS in the same period last year. The net profit margin was 13.50% and return on equity was 83.00% for WSM. The company reported revenue of $2.19 billion for the quarter, compared to $2.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.08 percent. For the current quarter, analysts expect WSM to generate $2.14B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/24/2023. Investors who held shares on 01/20/2023 were paid a $0.78 dividend. On an annualized basis, this represents a $3.12 dividend and a 2.71% percent yield. There was an ex-dividend date of 01/19/2023 for this dividend. In terms of dividend payout ratio, WSM is presently at 17.70%.
Williams-Sonoma Inc.(WSM) 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. The company also provides home decor products under the West Elm brand; kids accessories under the Pottery Barn Kids brand; and an organic bedding to multi-purpose furniture under the Pottery Barn Teen brand. In addition, it offers made-to-order lighting, hardware, furniture, and home decors inspired by history under the Rejuvenation brand; and women’s and men’s accessories, travel, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand, as well as operates a 3-D imaging and augmented reality platform for the home furnishings and décor industry. The company markets its products through e-commerce websites, direct-mail catalogs, and retail stores. It operates 544 stores comprising 502 stores in 41states, Washington, D.C., and Puerto Rico; 20 stores in Canada; 19 stores in Australia; 3 stores in the United Kingdom; and 139 franchised stores, as well as e-commerce websites in various countries in the Middle East, the Philippines, Mexico, South Korea, and India. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California.