Williams-Sonoma, Inc. (WSM) Stake Increased by LSV Asset Management

LSV Asset Management lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131,695 shares of the specialty retailer’s stock after acquiring an additional 75,900 shares during the quarter. LSV Asset Management’s holdings in Williams-Sonoma were worth $74,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WSM. Covenant Asset Management LLC grew its position in Williams-Sonoma by 21.9% during the third quarter. Covenant Asset Management LLC now owns 4,558 shares of the specialty retailer’s stock valued at $300,000 after buying an additional 820 shares during the period. Bank of Stockton grew its position in Williams-Sonoma by 19.5% during the third quarter. Bank of Stockton now owns 5,400 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 880 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Williams-Sonoma by 7.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,281 shares of the specialty retailer’s stock valued at $939,000 after buying an additional 958 shares during the period. Marathon Asset Management LLP grew its position in Williams-Sonoma by 0.3% during the second quarter. Marathon Asset Management LLP now owns 367,512 shares of the specialty retailer’s stock valued at $22,558,000 after buying an additional 1,003 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its position in Williams-Sonoma by 9.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 11,660 shares of the specialty retailer’s stock valued at $716,000 after buying an additional 1,035 shares during the period.

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

Several research firms recently weighed in on WSM. Royal Bank of Canada increased their price target on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. ValuEngine upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Buckingham Research increased their price target 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. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, Argus set a $80.00 price target on shares of Williams-Sonoma and gave the company a “buy” rating in a research report on Monday, August 27th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.23.

NYSE WSM opened at $60.56 on Friday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. Williams-Sonoma, Inc. has a 52 week low of $44.01 and a 52 week high of $73.99. The company has a current ratio of 1.56, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, November 15th. The specialty retailer reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.01. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. On average, analysts anticipate that Williams-Sonoma, Inc. will post 4.34 earnings per share for the current fiscal year.

The company also recently declared 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, October 25th. Williams-Sonoma’s payout ratio is 47.65%.

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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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