Cribstone Capital Management LLC increased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,609 shares of the specialty retailer’s stock after buying an additional 130 shares during the period. Cribstone Capital Management LLC’s holdings in Williams-Sonoma were worth $1,097,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in WSM. BlackRock Inc. boosted its stake in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock worth $489,461,000 after buying an additional 9,047,189 shares during the period. Norges Bank bought a new stake in Williams-Sonoma during the fourth quarter worth approximately $36,265,000. BTIM Corp. bought a new stake in Williams-Sonoma during the first quarter worth approximately $29,472,000. Vanguard Group Inc. boosted its stake in Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after buying an additional 506,305 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Williams-Sonoma by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 3,798,275 shares of the specialty retailer’s stock worth $203,663,000 after buying an additional 484,775 shares during the period. Institutional investors own 97.51% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded down 1.53% on Tuesday, hitting $44.31. 1,700,621 shares of the stock traded hands. The firm’s 50 day moving average is $48.68 and its 200-day moving average is $50.14. Williams-Sonoma, Inc. has a 12 month low of $43.96 and a 12 month high of $57.40. The company has a market cap of $3.84 billion, a PE ratio of 12.91 and a beta of 0.90.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Equities analysts predict that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 21st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is presently 45.35%.
WSM has been the subject of several research reports. J P Morgan Chase & Co lifted their price objective on shares of Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, April 3rd. Gordon Haskett initiated coverage on shares of Williams-Sonoma in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price objective for the company. Credit Suisse Group restated a “hold” rating and set a $44.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, May 23rd. Jefferies Group LLC restated a “hold” rating and set a $54.00 price objective on shares of Williams-Sonoma in a research note on Thursday, May 25th. Finally, Telsey Advisory Group lifted their price objective on shares of Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $56.82.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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