1ST Source Bank reduced its position in Williams-Sonoma Inc. (NYSE:WSM) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 12,197 shares of the company’s stock after selling 500 shares during the period. 1ST Source Bank’s holdings in Williams-Sonoma were worth $636,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in WSM. BlackRock Institutional Trust Company N.A. increased its stake in shares of Williams-Sonoma by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,534,417 shares of the company’s stock worth $138,734,000 after buying an additional 57,605 shares during the last quarter. 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. 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. Kornitzer Capital Management Inc. KS increased its stake in shares of Williams-Sonoma by 29.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 663,280 shares of the company’s stock worth $34,577,000 after buying an additional 148,950 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Williams-Sonoma by 28.2% in the first quarter. Geode Capital Management LLC now owns 614,648 shares of the company’s stock worth $33,645,000 after buying an additional 135,224 shares during the last quarter. 96.59% of the stock is currently owned by hedge funds and other institutional investors.
Williams-Sonoma Inc. (NYSE:WSM) traded down 1.774% during midday trading on Friday, reaching $47.885. The company had a trading volume of 743,046 shares. The firm has a 50-day moving average of $50.71 and a 200 day moving average of $53.37. The company has a market capitalization of $4.24 billion, a P/E ratio of 14.337 and a beta of 1.02. Williams-Sonoma Inc. has a 1-year low of $47.33 and a 1-year high of $77.82.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. Williams-Sonoma’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 EPS. On average, equities research analysts forecast that Williams-Sonoma Inc. will post $3.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s payout ratio is 44.31%.
Several research analysts recently weighed in on the stock. Barclays PLC restated an “underweight” rating and issued a $45.00 price objective on shares of Williams-Sonoma in a research report on Friday, August 12th. Nomura restated a “buy” rating and issued a $75.00 price objective on shares of Williams-Sonoma in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, August 10th. Vetr upgraded shares of Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $57.91 price objective on the stock in a research report on Tuesday, July 5th. Finally, Wedbush restated a “neutral” rating and issued a $53.00 price objective 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 given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.70.
In other news, CEO Laura Alber sold 80,000 shares of the stock in a transaction on Monday, August 29th. The stock was 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 of the company’s stock, valued at approximately $16,375,073.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $747,442.98. Following the transaction, the insider now directly owns 32,776 shares in the company, valued at approximately $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
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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