State Board of Administration of Florida Retirement System lowered its position in Williams-Sonoma, Inc. (NYSE:WSM) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,263 shares of the specialty retailer’s stock after selling 861 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of Williams-Sonoma worth $7,037,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Argent Capital Management LLC raised its position in shares of Williams-Sonoma by 153.7% during the 1st quarter. Argent Capital Management LLC now owns 885,056 shares of the specialty retailer’s stock worth $49,802,000 after purchasing an additional 536,229 shares during the last quarter. Clark Capital Management Group Inc. raised its position in shares of Williams-Sonoma by 660.7% during the 2nd quarter. Clark Capital Management Group Inc. now owns 355,103 shares of the specialty retailer’s stock worth $23,082,000 after purchasing an additional 308,422 shares during the last quarter. BlackRock Inc. raised its position in shares of Williams-Sonoma by 3.0% during the 1st quarter. BlackRock Inc. now owns 7,594,827 shares of the specialty retailer’s stock worth $427,359,000 after purchasing an additional 221,007 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth about $9,424,000. Finally, Trexquant Investment LP acquired a new position in shares of Williams-Sonoma during the 1st quarter worth about $7,784,000.
Several research analysts recently weighed in on the stock. Bank of America set a $45.00 price target on shares of Williams-Sonoma and gave the stock an “underperform” rating in a research report on Friday, May 31st. Berenberg Bank assumed coverage on shares of Williams-Sonoma in a research report on Thursday, May 9th. They set a “hold” rating and a $61.00 price target for the company. Morgan Stanley upped their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Citigroup upped their price objective on shares of Williams-Sonoma from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Finally, Goldman Sachs Group assumed coverage on shares of Williams-Sonoma in a research note on Thursday, July 11th. They set a “buy” rating and a $72.00 price objective for the company. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.30.
Shares of Williams-Sonoma stock traded up $0.06 during mid-day trading on Wednesday, hitting $68.46. The stock had a trading volume of 61,426 shares, compared to its average volume of 1,271,414. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. The firm has a market cap of $5.29 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. The firm has a 50-day moving average of $66.09 and a two-hundred day moving average of $59.67. Williams-Sonoma, Inc. has a 12-month low of $45.01 and a 12-month high of $72.49.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.12. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. Sell-side analysts expect that Williams-Sonoma, Inc. will post 4.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.05%.
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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