Grace & White Inc. NY raised its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 93.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,450 shares of the specialty retailer’s stock after acquiring an additional 44,550 shares during the quarter. Grace & White Inc. NY owned approximately 0.11% of Williams-Sonoma worth $4,610,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of WSM. Janus Henderson Group PLC boosted its position in Williams-Sonoma by 1,109.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock valued at $170,595,000 after acquiring an additional 3,226,625 shares in the last quarter. FMR LLC lifted its holdings in shares of Williams-Sonoma by 115.4% during the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after purchasing an additional 1,435,014 shares during the last quarter. Kiltearn Partners LLP purchased a new position in shares of Williams-Sonoma during the second quarter valued at approximately $38,846,000. First Trust Advisors LP lifted its holdings in shares of Williams-Sonoma by 369.9% during the second quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock valued at $30,323,000 after purchasing an additional 492,159 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in shares of Williams-Sonoma during the third quarter valued at approximately $23,155,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.96%.
Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $48.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a report on Tuesday. TheStreet upgraded shares of Williams-Sonoma from a “c+” rating to a “b-” rating in a report on Monday, October 9th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday, October 12th. Credit Suisse Group lowered shares of Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 target price for the company. in a report on Thursday, October 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $49.00 target price on shares of Williams-Sonoma in a report on Thursday, September 28th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. Williams-Sonoma presently has a consensus rating of “Hold” and an average price target of $52.18.
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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