Eaton Vance Management continued to hold its position in Williams-Sonoma Inc. (NYSE:WSM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,580 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Williams-Sonoma were worth $1,177,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. NEXT Financial Group Inc boosted its position in Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock valued at $148,000 after buying an additional 1,100 shares in the last quarter. HL Financial Services LLC bought a new position in Williams-Sonoma during the second quarter valued at about $205,000. Pillar Pacific Capital Management LLC bought a new position in Williams-Sonoma during the second quarter valued at about $216,000. Massmutual Trust Co. FSB ADV boosted its position in Williams-Sonoma by 3.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,107 shares of the company’s stock valued at $225,000 after buying an additional 140 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Williams-Sonoma during the second quarter valued at about $228,000. 96.59% of the stock is currently owned by institutional investors.
Williams-Sonoma Inc. (NYSE:WSM) traded down 1.7912% on Monday, reaching $49.3892. 436,077 shares of the company traded hands. Williams-Sonoma Inc. has a 52-week low of $47.33 and a 52-week high of $79.55. The stock has a 50-day moving average price of $51.83 and a 200-day moving average price of $54.03. The firm has a market cap of $4.37 billion, a P/E ratio of 14.7872 and a beta of 1.01.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business earned $0.58 EPS. Williams-Sonoma’s revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Williams-Sonoma Inc. will post $3.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, October 25th. This represents a $1.48 annualized dividend and a yield of 2.94%. Williams-Sonoma’s dividend payout ratio (DPR) is 44.31%.
Several research analysts have issued reports on the company. Oppenheimer Holdings Inc. initiated coverage on Williams-Sonoma in a report on Tuesday, September 20th. They issued an “outperform” rating on the stock. BTIG Research initiated coverage on shares of Williams-Sonoma in a research note on Wednesday, June 1st. They set a “sell” rating and a $45.00 target price on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, May 29th. Credit Suisse Group AG initiated coverage on shares of Williams-Sonoma in a research note on Thursday, August 25th. They set a “neutral” rating and a $50.00 target price on the stock. Finally, Vetr downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 target price on the stock. in a research note on Monday, August 29th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $59.70.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of the company’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the sale, the insider now owns 32,776 shares in the company, valued at approximately $1,630,278.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 80,000 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $53.19, for a total value of $4,255,200.00. Following the sale, the chief executive officer now owns 307,860 shares in the company, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: 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.
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