Ladenburg Thalmann Financial Services Inc. reduced its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 25.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,831 shares of the specialty retailer’s stock after selling 1,942 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Williams-Sonoma were worth $291,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Ffcm LLC acquired a new stake in Williams-Sonoma during the third quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Williams-Sonoma by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after acquiring an additional 274 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Williams-Sonoma during the second quarter worth approximately $182,000. Koch Industries Inc. acquired a new stake in Williams-Sonoma during the second quarter worth approximately $207,000. Finally, High Falls Advisors Inc boosted its position in Williams-Sonoma by 7.7% during the second quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock worth $211,000 after acquiring an additional 312 shares during the last quarter. 96.62% of the stock is owned by institutional investors.
Williams-Sonoma, Inc. (NYSE WSM) opened at $55.49 on Friday. The stock has a market cap of $4,670.00, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $55.89.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts anticipate that Williams-Sonoma, Inc. will post 3.54 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, January 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.81%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Saturday. Moffett Nathanson started coverage on shares of Williams-Sonoma in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Bank of America dropped their price target on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a research note on Friday, November 17th. Finally, Morgan Stanley began coverage on shares of Williams-Sonoma in a research note on Friday, November 17th. They set a “hold” rating and a $48.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and an average target price of $51.25.
COPYRIGHT VIOLATION NOTICE: “Williams-Sonoma, Inc. (WSM) Shares Sold by Ladenburg Thalmann Financial Services Inc.” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/01/14/ladenburg-thalmann-financial-services-inc-sells-1942-shares-of-williams-sonoma-inc-wsm-updated-updated.html.
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.
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.