20,006 Shares in Williams-Sonoma, Inc. (NYSE:WSM) Acquired by WFA of San Diego LLC
WFA of San Diego LLC purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,006 shares of the specialty retailer’s stock, valued at approximately $1,523,000.
Several other institutional investors and hedge funds have also bought and sold shares of WSM. Alliancebernstein L.P. lifted its stake in shares of Williams-Sonoma by 256.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,873,775 shares of the specialty retailer’s stock worth $79,673,000 after buying an additional 1,348,483 shares during the last quarter. Congress Asset Management Co. MA increased its position in Williams-Sonoma by 10,093.2% during the second quarter. Congress Asset Management Co. MA now owns 1,310,850 shares of the specialty retailer’s stock worth $107,503,000 after acquiring an additional 1,297,990 shares during the period. FMR LLC increased its position in Williams-Sonoma by 25.4% during the second quarter. FMR LLC now owns 5,808,764 shares of the specialty retailer’s stock worth $476,377,000 after acquiring an additional 1,176,040 shares during the period. Ceredex Value Advisors LLC bought a new position in Williams-Sonoma during the first quarter worth about $39,357,000. Finally, APG Asset Management N.V. increased its holdings in Williams-Sonoma by 118.5% in the 1st quarter. APG Asset Management N.V. now owns 1,249,100 shares of the specialty retailer’s stock valued at $62,597,000 after buying an additional 677,400 shares during the period. 98.58% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on WSM shares. Stifel Nicolaus raised their target price on shares of Williams-Sonoma from $40.00 to $80.00 and gave the company a “hold” rating in a report on Friday, May 29th. Telsey Advisory Group raised their target price on shares of Williams-Sonoma from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. TheStreet raised shares of Williams-Sonoma from a “c+” rating to a “b-” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Williams-Sonoma from $75.00 to $89.00 and gave the company an “underweight” rating in a research note on Monday, August 24th. Finally, Oppenheimer began coverage on shares of Williams-Sonoma in a research note on Thursday, August 27th. They issued a “buy” rating and a $115.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.79.
Shares of NYSE WSM traded down $0.98 during trading on Wednesday, reaching $92.06. The stock had a trading volume of 28,865 shares, compared to its average volume of 1,384,176. Williams-Sonoma, Inc. has a fifty-two week low of $26.01 and a fifty-two week high of $101.73. The company has a market cap of $7.24 billion, a P/E ratio of 17.81, a PEG ratio of 2.35 and a beta of 1.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 1.36. The business’s 50-day moving average price is $91.08 and its 200-day moving average price is $72.55.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 26th. The specialty retailer reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.81. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Williams-Sonoma had a return on equity of 36.53% and a net margin of 6.83%. Williams-Sonoma’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. Analysts forecast that Williams-Sonoma, Inc. will post 6.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, October 23rd will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, October 22nd. Williams-Sonoma’s payout ratio is currently 39.67%.
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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