GSA Capital Partners LLP purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,377 shares of the specialty retailer’s stock, valued at approximately $455,000.
Other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Williams-Sonoma during the second quarter worth $2,261,000. Principal Financial Group Inc. increased its holdings in shares of Williams-Sonoma by 2.3% during the second quarter. Principal Financial Group Inc. now owns 342,558 shares of the specialty retailer’s stock worth $16,614,000 after buying an additional 7,818 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Williams-Sonoma by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 731,551 shares of the specialty retailer’s stock worth $35,480,000 after buying an additional 3,612 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Williams-Sonoma by 8.3% during 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 in the last quarter. Finally, Cribstone Capital Management LLC increased its holdings in shares of Williams-Sonoma by 0.6% during the second quarter. Cribstone Capital Management LLC now owns 22,609 shares of the specialty retailer’s stock worth $1,097,000 after buying an additional 130 shares in the last quarter. Institutional investors own 97.89% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE WSM) opened at 48.89 on Friday. The firm’s 50-day moving average price is $48.53 and its 200-day moving average price is $48.98. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $56.94. The firm has a market capitalization of $4.16 billion, a P/E ratio of 14.04 and a beta of 0.85.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.96%.
WSM has been the subject of several research analyst reports. BidaskClub downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Deutsche Bank AG decreased their price objective on Williams-Sonoma from $52.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, August 24th. Zacks Investment Research downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Morgan Stanley decreased their price objective on Williams-Sonoma from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, August 24th. Finally, Jefferies Group LLC decreased their price objective on Williams-Sonoma from $54.00 to $49.00 and set a “hold” rating for the company in a report on Thursday, August 24th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.10.
Williams-Sonoma Company Profile
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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