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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