--- title: "Williams-Sonoma (NYSE:WSM) Shares Set to Split on Tuesday, July 9th" description: "Williams-Sonoma, Inc. (NYSE:WSM) will undergo a 2-1 stock split on Tuesday, July 9th. The newly issued shares will be distributed to shareholders after the market closes on the same day. This comes af" type: "news" locale: "en" url: "https://longbridge.com/en/news/206988183.md" published_at: "2024-06-23T05:21:13.000Z" --- # Williams-Sonoma (NYSE:WSM) Shares Set to Split on Tuesday, July 9th > Williams-Sonoma, Inc. (NYSE:WSM) will undergo a 2-1 stock split on Tuesday, July 9th. The newly issued shares will be distributed to shareholders after the market closes on the same day. This comes after the specialty retailer reported better-than-expected earnings and announced a quarterly dividend. Analysts have mixed ratings on the stock, with a consensus of "Hold" and an average target price of $262.13. Williams-Sonoma, Inc. (NYSE:WSM - Free Report) 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. Get **Williams-Sonoma** alerts: ## Williams-Sonoma Stock Down 0.2 % - MarketBeat Week in Review – 6/17 - 6/21 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 - Get Free Report) 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 - Williams-Sonoma Makes Stock More Accessible with a Stock Split 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. - 3 Women-Led Companies to Own for Value, Quality, and Cash Flow **Check Out Our Latest Stock Analysis on WSM** ## 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 (Get Free Report) 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. ## Recommended Stories - Five stocks we like better than Williams-Sonoma - Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time - McDonald's Stock: Balancing Value and Innovation - Why Invest in 5G? How to Invest in 5G Stocks - MarketBeat Week in Review – 6/17 - 6/21 - What is the Australian Securities Exchange (ASX) - Sarepta Therapeutics Stock Soars on FDA Approval *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → The asset beating inflation by 4x (From Colonial Metals) (Ad)## Should you invest $1,000 in Williams-Sonoma right now? Before you consider Williams-Sonoma, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Williams-Sonoma wasn't on the list. While Williams-Sonoma currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. 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