Lucus Advisors LLC acquired a new stake in shares of Williams-Sonoma Inc. (NYSE:WSM) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,578 shares of the company’s stock, valued at approximately $343,000.
Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Williams-Sonoma during the fourth quarter valued at approximately $46,094,000. Renaissance Technologies LLC increased its position in Williams-Sonoma by 128.7% in the first quarter. Renaissance Technologies LLC now owns 731,700 shares of the company’s stock valued at $40,053,000 after buying an additional 411,800 shares in the last quarter. Bank of Montreal Can bought a new position in Williams-Sonoma during the second quarter valued at approximately $18,385,000. American Century Companies Inc. increased its position in Williams-Sonoma by 36.9% in the second quarter. American Century Companies Inc. now owns 1,075,180 shares of the company’s stock valued at $56,049,000 after buying an additional 289,965 shares in the last quarter. Finally, Boston Advisors LLC increased its position in Williams-Sonoma by 361.4% in the second quarter. Boston Advisors LLC now owns 284,828 shares of the company’s stock valued at $14,848,000 after buying an additional 223,100 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) traded up 0.41% during mid-day trading on Monday, hitting $51.29. 1,236,952 shares of the stock traded hands. The firm’s 50-day moving average is $51.48 and its 200-day moving average is $53.67. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 15.36 and a beta of 1.02. Williams-Sonoma Inc. has a 52 week low of $47.33 and a 52 week high of $79.55.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The company earned $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Williams-Sonoma’s revenue was up 2.8% on a year-over-year basis. On average, analysts forecast that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s payout ratio is 44.31%.
Several equities analysts have commented on WSM shares. Vetr downgraded shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price objective on the stock. in a report on Tuesday, August 23rd. Nomura set a $75.00 price objective on shares of Williams-Sonoma and gave the company a “buy” rating in a report on Thursday, August 18th. Zacks Investment Research downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Barclays PLC restated an “underweight” rating and issued a $45.00 price target on shares of Williams-Sonoma in a research note on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $59.70.
In related news, insider Janet Hayes sold 15,027 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total value of $747,442.98. Following the completion of the sale, the insider now owns 32,776 shares in the company, valued at approximately $1,630,278.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $53.19, for a total value of $4,255,200.00. Following the completion of the sale, the chief executive officer now owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Williams-Sonoma Company Profile
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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