Advisors Asset Management Inc. continued to hold its stake in Williams-Sonoma Inc. (NYSE:WSM) during the second quarter, Holdings Channel reports. The firm owned 2,200 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Williams-Sonoma were worth $115,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Glenmede Trust Co. NA increased its position in shares of Williams-Sonoma by 13,195.9% in the second quarter. Glenmede Trust Co. NA now owns 452,860 shares of the company’s stock valued at $23,606,000 after buying an additional 449,454 shares during the period. Renaissance Technologies LLC increased its position 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 valued at $40,053,000 after buying an additional 411,800 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of Williams-Sonoma by 10,196.9% in the second quarter. Tocqueville Asset Management L.P. now owns 406,727 shares of the company’s stock valued at $21,203,000 after buying an additional 402,777 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Williams-Sonoma during the second quarter valued at approximately $19,882,000. Finally, Bank of Montreal Can purchased a new position in shares of Williams-Sonoma during the second quarter valued at approximately $18,385,000. Institutional investors and hedge funds own 96.59% of the company’s stock.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded down 1.87% during mid-day trading on Friday, hitting $49.34. 2,027,574 shares of the stock traded hands. The firm has a 50 day moving average of $51.21 and a 200 day moving average of $53.53. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 14.77 and a beta of 1.02. Williams-Sonoma Inc. has a 12 month low of $47.33 and a 12 month high of $78.46.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The firm earned $1.16 billion during 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%. Williams-Sonoma’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities analysts expect that Williams-Sonoma Inc. will post $3.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 3.00%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
Several brokerages have recently commented on WSM. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Williams-Sonoma in a research note on Sunday, October 2nd. Vetr raised shares of Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $55.72 price objective for the company in a research note on Monday, September 12th. Argus reaffirmed a “buy” rating and set a $75.00 price objective on shares of Williams-Sonoma in a research note on Monday, August 29th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $56.00 price objective (down from $60.00) on shares of Williams-Sonoma in a research note on Friday, August 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $54.00 price objective (down from $55.00) on shares of Williams-Sonoma in a research note on Thursday, August 25th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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 that occurred on Friday, September 23rd. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laura Alber sold 80,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate 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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