Is Buying Stock Like Williams-Sonoma, Inc. Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Williams Sonoma, Inc. Good Idea After Today's Bullish Options Activity?

In today’s session Williams-Sonoma, Inc. (WSM) registered an unusually high (57) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious WSM increase. With 57 contracts traded and 6204 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: WSM170120C00060000 closed last at: $0.7 or 6.7% down. About 237,756 shares traded hands. Williams-Sonoma, Inc. (NYSE:WSM) has declined 10.38% since April 26, 2016 and is downtrending. It has underperformed by 15.64% the S&P500.

Analysts await Williams-Sonoma, Inc. (NYSE:WSM) to report earnings on March, 15. They expect $1.53 earnings per share, down 1.29% or $0.02 from last year’s $1.55 per share. WSM’s profit will be $135.35 million for 9.00 P/E if the $1.53 EPS becomes a reality. After $0.79 actual earnings per share reported by Williams-Sonoma, Inc. for the previous quarter, Wall Street now forecasts 93.67% EPS growth.

Williams-Sonoma, Inc. (NYSE:WSM) Ratings Coverage

Out of 22 analysts covering Williams-Sonoma (NYSE:WSM), 6 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 27% are positive. Williams-Sonoma has been the topic of 57 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Jefferies maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Thursday, March 17. Jefferies has “Hold” rating and $57 price target. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Outperform” rating given on Thursday, August 25 by Oppenheimer. The stock of Williams-Sonoma, Inc. (NYSE:WSM) earned “Neutral” rating by Robert W. Baird on Monday, November 14. The firm earned “Overweight” rating on Wednesday, July 29 by JP Morgan. Sterne Agee CRT maintained the shares of WSM in a report on Sunday, August 30 with “Neutral” rating. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Hold” rating given on Sunday, August 30 by Deutsche Bank. Nomura maintained Williams-Sonoma, Inc. (NYSE:WSM) on Thursday, August 25 with “Buy” rating. The stock of Williams-Sonoma, Inc. (NYSE:WSM) earned “Underperform” rating by Bank of America on Friday, March 11. The firm has “Buy” rating given on Friday, March 18 by Argus Research. The firm earned “Buy” rating on Thursday, March 17 by Citigroup.

According to Zacks Investment Research, “Williams-Sonoma, Inc. is specialty retailer of products for the home. The retail segment sells its products through its three retail concepts: Williams-Sonoma, Pottery Barn and Hold Everything. The direct-to-customer segment sells similar products through its five direct-mail catalogs, Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Hold Everything and Chambers, and the Internet.”

Insitutional Activity: The institutional sentiment decreased to 1.31 in Q2 2016. Its down 0.05, from 1.36 in 2016Q1. The ratio fall, as 50 funds sold all Williams-Sonoma, Inc. shares owned while 90 reduced positions. 64 funds bought stakes while 127 increased positions. They now own 83.72 million shares or 5.85% more from 79.09 million shares in 2016Q1.
Asset Incorporated accumulated 0.01% or 4,646 shares. Tower Research Capital Lc (Trc) reported 7,125 shares or 0.04% of all its holdings. Exane Derivatives holds 0% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM) for 1 shares. Principal Grp last reported 316,491 shares in the company. Moreover, Stonebridge Capital Mngmt Inc has 1.21% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 50,925 shares. Oppenheimer And holds 0.01% or 4,379 shares in its portfolio. Parallax Volatility Advisers Limited Partnership accumulated 0% or 7,755 shares. Finemark Bank And accumulated 695 shares or 0% of the stock. State Street has 3.36 million shares for 0.02% of their US portfolio. Victory Mngmt Inc holds 0% or 6,474 shares in its portfolio. Moreover, Apriem has 0.02% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 1,050 shares. Grace White Inc New York accumulated 0.55% or 47,000 shares. Mount Vernon Inc Md last reported 9,275 shares in the company. Moreover, Bokf Na has 0.12% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 62,995 shares. Gemmer Asset Management Limited Liability Com holds 0% or 97 shares in its portfolio.

Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 3 selling transactions for $5.89 million net activity. Brett James W. Jr. also sold $891,184 worth of Williams-Sonoma, Inc. (NYSE:WSM) shares. $747,510 worth of Williams-Sonoma, Inc. (NYSE:WSM) shares were sold by Hayes Janet. ALBER LAURA sold 80,000 shares worth $4.26M.

Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The company has a market cap of $4.87 billion. The Firm operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It has a 16.44 P/E ratio. It operates through two divisions: e-commerce and retail.

WSM Company Profile

Williams-Sonoma, Inc., incorporated on March 8, 2011, is a multi-channel specialty retailer of products for the home. The Firm operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two divisions: 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. The retail segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sell its products through the Company’s retail stores.

More news for Williams-Sonoma, Inc. (NYSE:WSM) were recently published by: Fool.com, which released: “Williams-Sonoma, Inc. Moves Forward in a Tough Environment” on November 17, 2016. Seekingalpha.com‘s article titled: “Williams-Sonoma: Getting Ahead Of Itself” and published on November 25, 2016 is yet another important article.

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