Legal & General Group Plc cut its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,300 shares of the specialty retailer’s stock after selling 2,246 shares during the quarter. Legal & General Group Plc owned about 0.14% of Williams-Sonoma worth $7,323,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WSM. Argent Capital Management LLC acquired a new stake in Williams-Sonoma during the 2nd quarter worth about $36,459,000. LSV Asset Management raised its holdings in Williams-Sonoma by 99.5% during the 2nd quarter. LSV Asset Management now owns 1,055,795 shares of the specialty retailer’s stock worth $64,804,000 after buying an additional 526,595 shares during the period. Cooke & Bieler LP raised its holdings in Williams-Sonoma by 163.7% during the 2nd quarter. Cooke & Bieler LP now owns 708,430 shares of the specialty retailer’s stock worth $43,483,000 after buying an additional 439,800 shares during the period. BTIM Corp. acquired a new stake in Williams-Sonoma during the 2nd quarter worth about $26,304,000. Finally, WBI Investments Inc. raised its holdings in Williams-Sonoma by 208.3% during the 1st quarter. WBI Investments Inc. now owns 438,649 shares of the specialty retailer’s stock worth $23,143,000 after buying an additional 296,381 shares during the period.

Several research firms have issued reports on WSM. Argus set a $67.00 price objective on Williams-Sonoma and gave the stock a “buy” rating in a report on Friday, July 13th. Citigroup downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a report on Wednesday, June 20th. Robert W. Baird boosted their price objective on Williams-Sonoma from $52.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 23rd. UBS Group cut their price objective on Williams-Sonoma from $56.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, May 24th. Finally, Wedbush set a $62.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a report on Wednesday, August 15th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.04.

In related news, Director Anthony Greener sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $60.51, for a total value of $302,550.00. Following the completion of the sale, the director now owns 33,218 shares of the company’s stock, valued at approximately $2,010,021.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Randolph King sold 24,323 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the completion of the sale, the executive vice president now directly owns 17,589 shares of the company’s stock, valued at approximately $1,211,530.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,594 shares of company stock worth $3,257,183. Company insiders own 1.00% of the company’s stock.

NYSE:WSM opened at $66.79 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 1.56. Williams-Sonoma, Inc. has a fifty-two week low of $44.01 and a fifty-two week high of $73.99. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.80.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. Williams-Sonoma had a return on equity of 28.68% and a net margin of 4.84%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. equities analysts forecast that Williams-Sonoma, Inc. will post 4.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $1.72 annualized dividend and a yield of 2.58%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.

About Williams-Sonoma

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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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