Schroder Investment Management Group Reduces Stake in Williams-Sonoma, Inc. (WSM)
Schroder Investment Management Group trimmed its position in Williams-Sonoma, Inc. (NYSE:WSM) by 31.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 368,458 shares of the specialty retailer’s stock after selling 166,846 shares during the period. Schroder Investment Management Group’s holdings in Williams-Sonoma were worth $22,590,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Williams-Sonoma by 79.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 128,863 shares of the specialty retailer’s stock valued at $4,432,000 after acquiring an additional 57,154 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Williams-Sonoma in the 2nd quarter valued at $2,773,000. Moneta Group Investment Advisors LLC bought a new position in shares of Williams-Sonoma in the 2nd quarter valued at $433,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Williams-Sonoma in the 2nd quarter valued at $2,400,000. Finally, Banco de Sabadell S.A bought a new position in Williams-Sonoma during the 2nd quarter worth $853,000.
Shares of Williams-Sonoma stock opened at $60.89 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 0.40. Williams-Sonoma, Inc. has a 1-year low of $44.01 and a 1-year high of $73.99. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $1.72 dividend on an annualized basis and a yield of 2.82%. Williams-Sonoma’s payout ratio is currently 47.65%.
In other Williams-Sonoma news, insider Janet Hayes sold 14,376 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the sale, the insider now directly owns 44,889 shares in the company, valued at approximately $3,056,940.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Randolph King sold 24,323 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $68.88, for a total value of $1,675,368.24. Following the sale, the executive vice president now owns 17,589 shares of the company’s stock, valued at $1,211,530.32. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
Several brokerages recently issued reports on WSM. Citigroup lowered Williams-Sonoma from a “buy” rating to a “neutral” rating and set a $67.00 target price for the company. in a research report on Wednesday, June 20th. Stifel Nicolaus raised their target price on Williams-Sonoma from $58.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. Morgan Stanley raised their target price on Williams-Sonoma from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Tuesday, July 31st. Finally, Credit Suisse Group set a $55.00 target price on Williams-Sonoma and gave the stock a “sell” rating in a research report on Thursday, August 23rd. 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. Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $59.39.
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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