Trust Investment Advisors bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,125 shares of the specialty retailer’s stock, valued at approximately $1,003,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in Williams-Sonoma by 4.3% during the third quarter. Rhumbline Advisers now owns 202,824 shares of the specialty retailer’s stock worth $10,113,000 after acquiring an additional 8,291 shares during the last quarter. Lingohr & Partner Asset Management GmbH boosted its position in Williams-Sonoma by 4.9% during the third quarter. Lingohr & Partner Asset Management GmbH now owns 29,969 shares of the specialty retailer’s stock worth $1,561,000 after acquiring an additional 1,400 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Williams-Sonoma by 25.3% during the third quarter. BNP Paribas Arbitrage SA now owns 54,911 shares of the specialty retailer’s stock worth $2,738,000 after acquiring an additional 11,087 shares during the last quarter. Grimes & Company Inc. boosted its position in Williams-Sonoma by 1.3% during the third quarter. Grimes & Company Inc. now owns 128,819 shares of the specialty retailer’s stock worth $6,423,000 after acquiring an additional 1,715 shares during the last quarter. Finally, FDx Advisors Inc. boosted its position in Williams-Sonoma by 17.9% during the third quarter. FDx Advisors Inc. now owns 18,153 shares of the specialty retailer’s stock worth $905,000 after acquiring an additional 2,753 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.
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A number of research firms have weighed in on WSM. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of Williams-Sonoma in a research note on Thursday, September 28th. Royal Bank Of Canada increased their price target on shares of Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $60.00 price target (down previously from $64.00) on shares of Williams-Sonoma in a research note on Thursday, August 24th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the stock. Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $52.18.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded up $1.10 during mid-day trading on Tuesday, reaching $51.35. 1,973,000 shares of the company’s stock traded hands, compared to its average volume of 1,634,061. The firm has a market cap of $4,309.14, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.08 and a beta of 0.91. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS. sell-side analysts anticipate that Williams-Sonoma, Inc. will post 3.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
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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