Smith Graham & Co. Investment Advisors LP lowered its stake in Williams-Sonoma Inc. (NYSE:WSM) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,200 shares of the company’s stock after selling 250 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Williams-Sonoma were worth $2,982,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Williams-Sonoma during the fourth quarter worth approximately $46,094,000. Renaissance Technologies LLC increased its stake in shares of Williams-Sonoma by 128.7% in the first quarter. Renaissance Technologies LLC now owns 731,700 shares of the company’s stock worth $40,053,000 after buying an additional 411,800 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Williams-Sonoma during the second quarter worth approximately $18,385,000. American Century Companies Inc. increased its stake in shares of Williams-Sonoma by 36.9% in the second quarter. American Century Companies Inc. now owns 1,075,180 shares of the company’s stock worth $56,049,000 after buying an additional 289,965 shares during the last quarter. Finally, Boston Advisors LLC increased its stake in shares of Williams-Sonoma by 361.4% in the second quarter. Boston Advisors LLC now owns 284,828 shares of the company’s stock worth $14,848,000 after buying an additional 223,100 shares during the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded up 1.31% during midday trading on Friday, hitting $51.08. 1,567,789 shares of the stock were exchanged. The stock’s 50 day moving average is $51.56 and its 200 day moving average is $53.77. The firm has a market cap of $4.52 billion, a P/E ratio of 15.29 and a beta of 1.01. Williams-Sonoma Inc. has a 12-month low of $47.33 and a 12-month high of $79.55.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. On average, equities research analysts forecast that Williams-Sonoma Inc. will post $3.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a yield of 2.90%. Williams-Sonoma’s dividend payout ratio is presently 44.31%.
A number of equities research analysts recently commented on the stock. Piper Jaffray Cos. restated a “neutral” rating and issued a $56.00 price objective (down previously from $60.00) on shares of Williams-Sonoma in a research report on Friday, August 26th. Vetr downgraded shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price objective for the company. in a research report on Tuesday, August 23rd. Jefferies Group restated a “hold” rating and issued a $56.00 price objective (down previously from $57.00) on shares of Williams-Sonoma in a research report on Thursday, August 25th. Credit Suisse Group AG initiated coverage on shares of Williams-Sonoma in a research report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, Wedbush reiterated a “neutral” rating and set a $53.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 25th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $59.70.
In other news, CEO Laura Alber sold 80,000 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the transaction, the chief executive officer now owns 307,860 shares in the company, valued at approximately $16,375,073.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the transaction, the insider now owns 32,776 shares in the company, valued at approximately $1,630,278.24. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Williams-Sonoma Company Profile
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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