Baird Financial Group Inc. lessened its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 59,371 shares of the specialty retailer’s stock after selling 3,567 shares during the quarter. Baird Financial Group Inc.’s holdings in Williams-Sonoma were worth $3,860,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Williams-Sonoma by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,153,262 shares of the specialty retailer’s stock worth $75,791,000 after acquiring an additional 2,974 shares during the last quarter. Quantbot Technologies LP bought a new position in Williams-Sonoma during the 3rd quarter worth approximately $4,182,000. Canada Pension Plan Investment Board bought a new position in Williams-Sonoma during the 3rd quarter worth approximately $1,144,000. Ontario Teachers Pension Plan Board bought a new position in Williams-Sonoma during the 3rd quarter worth approximately $205,000. Finally, American International Group Inc. boosted its stake in Williams-Sonoma by 16.4% during the 3rd quarter. American International Group Inc. now owns 196,644 shares of the specialty retailer’s stock worth $12,923,000 after acquiring an additional 27,708 shares during the last quarter.
Shares of WSM opened at $53.99 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.38 and a current ratio of 1.54. Williams-Sonoma, Inc. has a twelve month low of $46.92 and a twelve month high of $73.99. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.68 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Thursday, November 15th. The specialty retailer reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.01. Williams-Sonoma had a net margin of 4.97% and a return on equity of 29.75%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Analysts anticipate that Williams-Sonoma, Inc. will post 4.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, October 25th. Williams-Sonoma’s payout ratio is currently 47.65%.
In other Williams-Sonoma news, insider Janet Hayes sold 14,376 shares of Williams-Sonoma stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $68.10, for a total value of $979,005.60. Following the transaction, the insider now owns 44,889 shares of the company’s stock, valued at $3,056,940.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.
Several research firms recently weighed in on WSM. Royal Bank of Canada lifted their price objective on shares of Williams-Sonoma to $67.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. ValuEngine raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Buckingham Research lifted their price objective on shares of Williams-Sonoma from $54.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, August 23rd. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Finally, Argus set a $80.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a research note on Monday, August 27th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $58.60.
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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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