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

Williams-Sonoma, Inc. (NYSE:WSM)’s stock is set to split on Tuesday, July 9th. The 2-1 split was announced on Tuesday, July 9th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, July 9th.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $280.94 on Friday. The stock has a fifty day moving average price of $298.34 and a two-hundred day moving average price of $261.43. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 2.14 and a beta of 1.75. Williams-Sonoma has a 1 year low of $120.74 and a 1 year high of $348.51.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data 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%. On average, analysts predict that Williams-Sonoma will post 16.08 EPS for the current year.

Williams-Sonoma Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 19th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, July 19th. Williams-Sonoma’s payout ratio is 14.00%.

Wall Street Analyst Weigh In

WSM has been the subject of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of Williams-Sonoma in a research report on Friday, March 15th. JPMorgan Chase & Co. raised their price target on Williams-Sonoma from $275.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. Morgan Stanley raised their price target on Williams-Sonoma from $270.00 to $290.00 and gave the company an “equal weight” rating in a research report on Thursday, May 23rd. TD Cowen raised their price target on Williams-Sonoma from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Bank of America raised their price target on Williams-Sonoma from $250.00 to $298.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Williams-Sonoma has an average rating of “Hold” and a consensus target price of $262.13.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP David Randolph King sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 50,512 shares of the company’s stock, valued at approximately $14,539,879.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP David Randolph King sold 10,000 shares of Williams-Sonoma stock in a transaction dated 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 directly owns 50,512 shares of the company’s stock, valued at approximately $14,539,879.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Monica Bhargava sold 8,931 shares of Williams-Sonoma stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $298.28, for a total value of $2,663,938.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,931 shares of company stock valued at $11,913,039. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

Several hedge funds and other institutional investors have recently modified their holdings of WSM. Gleason Group Inc. increased its holdings in Williams-Sonoma by 0.4% during the 1st quarter. Gleason Group Inc. now owns 8,969 shares of the specialty retailer’s stock worth $2,848,000 after purchasing an additional 36 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in Williams-Sonoma by 9.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 521 shares of the specialty retailer’s stock worth $105,000 after purchasing an additional 45 shares during the last quarter. Strategic Blueprint LLC increased its holdings in Williams-Sonoma by 4.9% during the 1st quarter. Strategic Blueprint LLC now owns 1,054 shares of the specialty retailer’s stock worth $335,000 after purchasing an additional 49 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in Williams-Sonoma by 4.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after purchasing an additional 52 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Williams-Sonoma by 30.5% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 54 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

About Williams-Sonoma

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.