Fmr LLC Sells 731,276 Shares of Williams-Sonoma, Inc. (WSM)

Fmr LLC decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,314,541 shares of the specialty retailer’s stock after selling 731,276 shares during the period. Fmr LLC owned 0.05% of Williams-Sonoma worth $264,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cortina Asset Management LLC lifted its position in Williams-Sonoma by 2.7% during the second quarter. Cortina Asset Management LLC now owns 98,127 shares of the specialty retailer’s stock valued at $6,023,000 after purchasing an additional 2,625 shares during the last quarter. DDD Partners LLC lifted its position in Williams-Sonoma by 0.7% during the second quarter. DDD Partners LLC now owns 164,074 shares of the specialty retailer’s stock valued at $10,071,000 after purchasing an additional 1,150 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Williams-Sonoma by 686.3% during the second quarter. PNC Financial Services Group Inc. now owns 140,473 shares of the specialty retailer’s stock valued at $8,624,000 after purchasing an additional 122,609 shares during the last quarter. Janus Henderson Group PLC lifted its position in Williams-Sonoma by 5.3% during the second quarter. Janus Henderson Group PLC now owns 3,625,775 shares of the specialty retailer’s stock valued at $222,550,000 after purchasing an additional 182,488 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its position in Williams-Sonoma by 48.8% during the second quarter. Ridgewood Investments LLC now owns 6,411 shares of the specialty retailer’s stock valued at $394,000 after purchasing an additional 2,103 shares during the last quarter.

Shares of WSM opened at $59.38 on Thursday. The company has a market capitalization of $4.58 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 0.40. Williams-Sonoma, Inc. has a fifty-two week low of $44.01 and a fifty-two week high of $73.99.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post 4.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Friday, October 26th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.90%. Williams-Sonoma’s payout ratio is 47.65%.

In related news, EVP David Randolph King sold 24,323 shares of Williams-Sonoma stock in a transaction on Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the transaction, the executive vice president now directly owns 17,589 shares of the company’s stock, valued at $1,211,530.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Janet Hayes sold 14,376 shares of Williams-Sonoma stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the transaction, the insider now directly owns 44,889 shares in the company, valued at $3,056,940.90. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Several equities research analysts have issued reports on WSM shares. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Friday, July 20th. Loop Capital lifted their target price on shares of Williams-Sonoma to $65.00 and gave the company a “hold” rating in a research report on Thursday, August 23rd. They noted that the move was a valuation call. ValuEngine lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Buckingham Research lifted their target price on shares of Williams-Sonoma from $54.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, August 23rd. Finally, Royal Bank of Canada lifted their target price on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $59.23.

About Williams-Sonoma

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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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