BlackRock Advisors LLC reduced its position in shares of Williams-Sonoma Inc. (NYSE:WSM) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,905 shares of the company’s stock after selling 136,656 shares during the period. BlackRock Advisors LLC owned about 0.52% of Williams-Sonoma worth $23,975,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Williams-Sonoma by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock worth $104,000 after buying an additional 1,000 shares in the last quarter. NEXT Financial Group Inc boosted its position in Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock valued at $148,000 after buying an additional 1,100 shares in the last quarter. HL Financial Services LLC acquired a new position in Williams-Sonoma during the second quarter valued at $205,000. Pillar Pacific Capital Management LLC acquired a new position in Williams-Sonoma during the second quarter valued at $216,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Williams-Sonoma by 3.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,107 shares of the company’s stock valued at $225,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 96.59% of the company’s stock.
Shares of Williams-Sonoma Inc. (NYSE:WSM) opened at 50.29 on Monday. The firm has a 50-day moving average of $51.83 and a 200-day moving average of $54.03. Williams-Sonoma Inc. has a 12 month low of $47.33 and a 12 month high of $79.55. The company has a market capitalization of $4.45 billion, a P/E ratio of 15.06 and a beta of 1.01.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. On average, equities analysts predict that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
WSM has been the subject of several recent research reports. Oppenheimer Holdings Inc. initiated coverage on Williams-Sonoma in a report on Tuesday, September 20th. They issued an “outperform” rating for the company. Vetr upgraded Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $55.72 price objective on the stock in a research note on Monday, September 12th. Argus reiterated a “buy” rating and issued a $75.00 price objective on shares of Williams-Sonoma in a research note on Monday, August 29th. Piper Jaffray Cos. restated a “neutral” rating and set a $56.00 price target (down from $60.00) on shares of Williams-Sonoma in a research report on Friday, August 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $54.00 price target (down from $55.00) on shares of Williams-Sonoma in a research report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.70.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total value of $747,442.98. Following the sale, the insider now owns 32,776 shares of the company’s stock, valued at approximately $1,630,278.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 80,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the completion of the sale, the chief executive officer now directly owns 307,860 shares in the company, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
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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