Stock Traders Buy High Volume of Williams-Sonoma Put Options (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) was the recipient of some unusual options trading on Thursday. Stock investors acquired 10,483 put options on the stock. This represents an increase of 233% compared to the average daily volume of 3,150 put options.

Analysts Set New Price Targets

Several equities research analysts recently commented on WSM shares. Royal Bank of Canada dropped their price objective on Williams-Sonoma from $192.00 to $151.00 and set an “outperform” rating on the stock in a research report on Friday, November 18th. Wedbush increased their price objective on Williams-Sonoma from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, March 9th. Telsey Advisory Group dropped their price objective on Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating on the stock in a research report on Tuesday. Cowen dropped their price objective on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, November 18th. Finally, Morgan Stanley cut Williams-Sonoma from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $150.00 to $100.00 in a research report on Monday, November 28th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Williams-Sonoma currently has an average rating of “Hold” and an average target price of $128.13.

Williams-Sonoma Trading Up 1.1 %

WSM opened at $119.95 on Friday. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.87 and a beta of 1.62. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $176.89. The stock has a fifty day moving average price of $126.85 and a 200-day moving average price of $125.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in shares of Williams-Sonoma by 863.6% in the fourth quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 190 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Williams-Sonoma in the second quarter worth about $28,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Williams-Sonoma in the second quarter worth about $32,000. Whittier Trust Co. boosted its stake in shares of Williams-Sonoma by 210.0% in the fourth quarter. Whittier Trust Co. now owns 310 shares of the specialty retailer’s stock worth $36,000 after buying an additional 210 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in shares of Williams-Sonoma in the second quarter worth about $41,000. 99.49% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.