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Williams-Sonoma Director Buys 7,555 Shares (WSM)

Williams-Sonoma Inc. (NYSE: WSM) director Adrian T. Dillon bought 7,555 shares of WSM common stock at $33.14 per share last Thursday, according to a filing with the SEC.

This is the second time in the past year, Dillon has bought WSM shares. Dillon earlier bought the shares at $30.88 each.

Williams-Sonoma shares rose 2.68% to finish at $36.42 in trading today. The stock touched an intra-day high of $36.49 in trading today. In the last three trading sessions, WSM gained 9.01%.

Based in San Francisco, California, Williams-Sonoma is a multi-channel specialty retailer of products for the home.

Last month, Williams-Sonoma announced that its Board of Directors approved a quarterly cash dividend of $0.22 per share. The dividend will be payable on August 24, 2012. Shareholders of record as of close of business on July 27, 2012 will be entitled to receive the quarterly cash dividend.

Williams-Sonoma released its most recent quarterly results (Q1) in May. For the first quarter ended April 29,2012, WSM reported net revenue of $818 million, representing an increase of 6.1% over the same period last year.

Operating margin for the quarter fell from 6.7% to 6% in the first quarter of fiscal 2012. The company’s diluted earnings per share, which included unusual business events, was $0.30, up from $0.29 reported for the same period last year.

During the first quarter of fiscal 2012, WSM repurchased 1,644,508 shares of its common stock for around $62 million. At the end of the quarter, the company had $376 million in cash.

For the full fiscal year, the company expects comparable store sales growth to be between 1% and 3%. The company expects DTC net revenue growth to be between 11% and 14%. Adjusted DTC net revenue growth for the full fiscal year is expected to be between 8% and 11%.


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All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.