Williams-Sonoma, Inc. (NYSE:WSM) saw some unusual options trading activity on Tuesday. Investors acquired 7,851 put options on the stock. This is an increase of approximately 863% compared to the average daily volume of 815 put options.
A number of large investors have recently bought and sold shares of the business. KCM Investment Advisors LLC boosted its stake in shares of Williams-Sonoma by 3.8% during the 4th quarter. KCM Investment Advisors LLC now owns 110,830 shares of the specialty retailer’s stock worth $5,730,000 after acquiring an additional 4,020 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Williams-Sonoma during the 4th quarter worth $381,000. Meitav Dash Investments Ltd. purchased a new position in shares of Williams-Sonoma during the 4th quarter worth $1,052,000. Peloton Wealth Strategists boosted its stake in shares of Williams-Sonoma by 13.9% during the 4th quarter. Peloton Wealth Strategists now owns 16,461 shares of the specialty retailer’s stock worth $851,000 after acquiring an additional 2,003 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Williams-Sonoma during the 4th quarter worth $2,542,000.
Several equities research analysts recently weighed in on WSM shares. Bank of America reduced their price target on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, November 17th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Saturday, February 3rd. JPMorgan Chase & Co. downgraded shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price target for the company. in a research report on Friday, November 17th. Gordon Haskett downgraded shares of Williams-Sonoma from a “hold” rating to a “reduce” rating in a research report on Friday, November 17th. Finally, Morgan Stanley started coverage on shares of Williams-Sonoma in a research report on Friday, November 17th. They set a “hold” rating and a $48.00 price target for the company. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.20.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.19%.
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Williams-Sonoma Company Profile
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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