Oppenheimer & Co. Inc. purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,461 shares of the specialty retailer’s stock, valued at approximately $225,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Psagot Investment House Ltd. purchased a new stake in shares of Williams-Sonoma during the second quarter worth approximately $25,000. Penserra Capital Management LLC purchased a new stake in shares of Williams-Sonoma during the first quarter worth approximately $28,000. Meeder Asset Management Inc. purchased a new stake in shares of Williams-Sonoma during the second quarter worth approximately $43,000. Marshall Wace North America L.P. purchased a new stake in shares of Williams-Sonoma during the first quarter worth approximately $56,000. Finally, Twin Tree Management LP purchased a new stake in shares of Williams-Sonoma during the first quarter worth approximately $87,000.
In other news, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $61.60, for a total value of $308,000.00. Following the transaction, the insider now owns 17,061 shares of the company’s stock, valued at approximately $1,050,957.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alex Bellos sold 4,820 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the transaction, the insider now directly owns 8,177 shares in the company, valued at approximately $533,549.25. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.
Several brokerages recently commented on WSM. Goldman Sachs Group set a $76.00 price target on Williams-Sonoma and gave the stock a “buy” rating in a research report on Monday, August 26th. Bank of America set a $45.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a report on Friday, May 31st. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 target price for the company in a report on Thursday, June 13th. JPMorgan Chase & Co. upped their target price on Williams-Sonoma from $55.00 to $64.00 and gave the company an “underweight” rating in a report on Thursday, August 29th. Finally, Morgan Stanley upped their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $62.67.
NYSE:WSM traded down $0.10 during trading hours on Friday, hitting $67.16. The company had a trading volume of 9,380 shares, compared to its average volume of 1,585,909. Williams-Sonoma, Inc. has a 1 year low of $45.01 and a 1 year high of $70.58. The company has a 50-day moving average of $65.65 and a 200 day moving average of $60.48. The company has a market cap of $5.29 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.53 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.04. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Williams-Sonoma, Inc. will post 4.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, July 26th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Thursday, July 25th. 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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