Investors Buy Large Volume of Williams-Sonoma Call Options (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSM) was the target of unusually large options trading activity on Thursday. Stock traders bought 3,967 call options on the stock. This represents an increase of 990% compared to the typical daily volume of 364 call options.

WSM has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on shares of Williams-Sonoma in a research note on Thursday, July 11th. They issued a “buy” rating and a $72.00 target price for the company. Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 target price for the company in a research note on Thursday, June 13th. Morgan Stanley boosted their target price on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research note on Wednesday, July 10th. Bank of America set a $45.00 target price on shares of Williams-Sonoma and gave the company an “underperform” rating in a research note on Friday, May 31st. Finally, Wedbush set a $63.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a research note on Friday, May 31st. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $60.48.

NYSE WSM opened at $62.89 on Friday. Williams-Sonoma has a 12 month low of $45.01 and a 12 month high of $73.99. The company has a 50-day moving average of $65.79 and a 200-day moving average of $59.08. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.33 and a quick ratio of 0.30. The company has a market cap of $4.89 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.93 and a beta of 0.85.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Williams-Sonoma will post 4.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, July 26th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio is currently 43.05%.

In related news, insider Marta Benson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total value of $308,000.00. Following the completion of the transaction, the insider now owns 17,061 shares of the company’s stock, valued at approximately $1,050,957.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sabrina Simmons sold 1,750 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total transaction of $105,140.00. Following the completion of the transaction, the director now directly owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Williams-Sonoma by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,199,632 shares of the specialty retailer’s stock worth $60,520,000 after purchasing an additional 46,370 shares during the period. Geode Capital Management LLC boosted its stake in shares of Williams-Sonoma by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 848,429 shares of the specialty retailer’s stock worth $42,802,000 after purchasing an additional 41,104 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Williams-Sonoma during the 1st quarter worth about $497,000. Louisiana State Employees Retirement System boosted its stake in shares of Williams-Sonoma by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the specialty retailer’s stock worth $1,210,000 after purchasing an additional 200 shares during the period. Finally, Pennsylvania Trust Co purchased a new position in shares of Williams-Sonoma during the 1st quarter worth about $6,088,000.

About Williams-Sonoma

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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