Williams-Sonoma (NYSE:WSM) Shares Set to Split on Tuesday, July 9th

Williams-Sonoma, Inc. (NYSE:WSM) shares are going to split on the morning of Tuesday, July 9th. The 2-1 split was announced on Tuesday, July 9th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, July 9th.

Williams-Sonoma Stock Down 0.2 %

NYSE:WSM opened at $303.36 on Friday. The business’s 50-day simple moving average is $297.49 and its two-hundred day simple moving average is $256.20. Williams-Sonoma has a 52 week low of $117.89 and a 52 week high of $348.51. The stock has a market cap of $19.51 billion, a PE ratio of 18.62, a P/E/G ratio of 2.32 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, May 22nd. The specialty retailer reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $1.29. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Williams-Sonoma had a return on equity of 54.50% and a net margin of 13.83%. Sell-side analysts anticipate that Williams-Sonoma will post 16.08 earnings per share for the current fiscal year.

Williams-Sonoma Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, July 19th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, July 19th. Williams-Sonoma’s payout ratio is currently 27.75%.

Analysts Set New Price Targets

WSM has been the subject of a number of research reports. Wedbush upped their target price on shares of Williams-Sonoma from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Oppenheimer reissued a “market perform” rating on shares of Williams-Sonoma in a report on Friday, March 15th. TD Cowen lifted their target price on Williams-Sonoma from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 target price on shares of Williams-Sonoma in a research report on Friday, June 7th. Finally, Bank of America raised their target price on shares of Williams-Sonoma from $250.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $262.13.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $287.85, for a total value of $2,878,500.00. Following the transaction, the executive vice president now owns 50,512 shares in the company, valued at approximately $14,539,879.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Williams-Sonoma news, EVP David Randolph King sold 10,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $287.85, for a total value of $2,878,500.00. Following the completion of the sale, the executive vice president now owns 50,512 shares in the company, valued at approximately $14,539,879.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Monica Bhargava sold 8,931 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $298.28, for a total transaction of $2,663,938.68. The disclosure for this sale can be found here. Insiders sold 58,931 shares of company stock valued at $18,089,484 over the last quarter. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Williams-Sonoma

Several large investors have recently added to or reduced their stakes in WSM. First Trust Direct Indexing L.P. purchased a new stake in shares of Williams-Sonoma in the 4th quarter valued at approximately $274,000. Sapient Capital LLC purchased a new stake in Williams-Sonoma in the fourth quarter valued at $220,000. PNC Financial Services Group Inc. lifted its stake in shares of Williams-Sonoma by 0.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 64,062 shares of the specialty retailer’s stock valued at $12,927,000 after purchasing an additional 382 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Williams-Sonoma during the 3rd quarter worth $4,102,000. Finally, Handelsbanken Fonder AB increased its position in shares of Williams-Sonoma by 425.3% during the 4th quarter. Handelsbanken Fonder AB now owns 78,060 shares of the specialty retailer’s stock worth $15,751,000 after purchasing an additional 63,200 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma 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.