Panagora Asset Management Inc. boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 68.9% during the 2nd quarter, Holdings Channel reports. The firm owned 4,264 shares of the specialty retailer’s stock after buying an additional 1,740 shares during the period. Panagora Asset Management Inc.’s holdings in Williams-Sonoma were worth $277,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of WSM. Dimensional Fund Advisors LP raised its stake in Williams-Sonoma by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,199,632 shares of the specialty retailer’s stock valued at $60,520,000 after purchasing an additional 46,370 shares during the period. Geode Capital Management LLC increased its stake in Williams-Sonoma by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 848,429 shares of the specialty retailer’s stock worth $42,802,000 after acquiring an additional 41,104 shares during the last quarter. Mason Street Advisors LLC increased its stake in Williams-Sonoma by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 42,624 shares of the specialty retailer’s stock worth $2,398,000 after acquiring an additional 639 shares during the last quarter. Spark Investment Management LLC bought a new stake in Williams-Sonoma in the 1st quarter worth approximately $2,633,000. Finally, LSV Asset Management increased its stake in Williams-Sonoma by 2.3% in the 1st quarter. LSV Asset Management now owns 1,215,295 shares of the specialty retailer’s stock worth $68,384,000 after acquiring an additional 27,300 shares during the last quarter.
WSM has been the topic of a number of research reports. UBS Group lifted their price objective on Williams-Sonoma from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Friday, June 28th. Raymond James reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th. Wedbush set a $63.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley lifted their price objective on Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 10th. Four 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’s stock. Williams-Sonoma has an average rating of “Hold” and a consensus target price of $62.67.
In related news, insider Marta Benson sold 5,000 shares of Williams-Sonoma 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 completion of the transaction, the insider now directly owns 17,061 shares in the company, valued at $1,050,957.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alex Bellos sold 4,820 shares of Williams-Sonoma 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 owns 8,177 shares of the company’s stock, valued at $533,549.25. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
WSM stock traded down $0.10 during midday trading on Friday, hitting $67.16. 9,380 shares of the company’s stock were exchanged, compared to its average volume of 1,585,909. The business has a 50-day simple moving average of $65.65 and a two-hundred day simple moving average of $60.48. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $5.29 billion, a PE ratio of 15.07, a P/E/G ratio of 1.53 and a beta of 0.87. Williams-Sonoma, Inc. has a 1-year low of $45.01 and a 1-year high of $70.58.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts expect that Williams-Sonoma, Inc. will post 4.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, July 26th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.86%. Williams-Sonoma’s payout ratio is presently 43.05%.
Williams-Sonoma Company Profile
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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