Williams-Sonoma, Inc. (NYSE:WSM) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 18,870,100 shares, an increase of 6.9% from the April 15th total of 17,651,500 shares. Based on an average trading volume of 1,580,000 shares, the short-interest ratio is currently 11.9 days. Approximately 24.3% of the company’s stock are sold short.
In other news, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were 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 owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sabrina Simmons sold 1,750 shares of the company’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 sale, the director now directly owns 10,915 shares in the company, valued at approximately $655,773.20. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Williams-Sonoma by 48.8% during the 4th quarter. FMR LLC now owns 6,115,918 shares of the specialty retailer’s stock worth $308,548,000 after acquiring an additional 2,004,426 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Williams-Sonoma by 5,231.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 1,587,286 shares in the last quarter. Norges Bank acquired a new position in Williams-Sonoma in the fourth quarter worth about $56,083,000. Argent Capital Management LLC grew its stake in Williams-Sonoma by 153.7% in the first quarter. Argent Capital Management LLC now owns 885,056 shares of the specialty retailer’s stock worth $49,802,000 after purchasing an additional 536,229 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in Williams-Sonoma by 7.6% in the third quarter. Vanguard Group Inc now owns 7,270,491 shares of the specialty retailer’s stock worth $477,817,000 after purchasing an additional 515,402 shares in the last quarter.
Shares of NYSE:WSM traded up $1.69 during mid-day trading on Friday, reaching $65.44. 1,499,948 shares of the company traded hands, compared to its average volume of 1,317,740. Williams-Sonoma has a 52 week low of $45.01 and a 52 week high of $73.99. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.89 and a beta of 0.86. The stock’s 50 day simple moving average is $60.16.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.12. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts forecast that Williams-Sonoma will post 4.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be paid a $0.48 dividend. The ex-dividend date is Thursday, July 25th. This represents a $1.92 annualized dividend and a yield of 2.93%. Williams-Sonoma’s payout ratio is 43.05%.
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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