Oppenheimer & Co. Inc. purchased a new stake in Williams-Sonoma Inc. (NYSE:WSM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,379 shares of the company’s stock, valued at approximately $228,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. NEXT Financial Group Inc raised its stake in shares of 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 during the period. HL Financial Services LLC bought a new stake in shares of Williams-Sonoma during the second quarter valued at about $205,000. Pillar Pacific Capital Management LLC bought a new stake in shares of Williams-Sonoma during the second quarter valued at about $216,000. Massmutual Trust Co. FSB ADV raised its stake in shares of 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 during the period. Finally, World Asset Management Inc raised its stake in shares of Williams-Sonoma by 0.6% in the second quarter. World Asset Management Inc now owns 4,646 shares of the company’s stock valued at $242,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 96.59% of the company’s stock.
Williams-Sonoma Inc. (NYSE:WSM) traded up 0.12% during mid-day trading on Friday, reaching $50.52. The company’s stock had a trading volume of 541,466 shares. Williams-Sonoma Inc. has a 1-year low of $47.33 and a 1-year high of $79.55. The company has a market capitalization of $4.47 billion, a PE ratio of 15.13 and a beta of 1.01. The firm has a 50 day moving average price of $51.86 and a 200-day moving average price of $54.08.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The company earned $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The business’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 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.93%. Williams-Sonoma’s payout ratio is 44.31%.
Several analysts recently issued reports on WSM shares. Vetr lowered 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 target price on Williams-Sonoma and gave the company a “buy” rating in a research report on Thursday, August 18th. Zacks Investment Research downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $45.00 target price on shares of Williams-Sonoma in a research report on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $59.70.
In other news, CEO Laura Alber sold 80,000 shares of Williams-Sonoma 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 transaction, the chief executive officer now owns 307,860 shares in the company, valued at approximately $16,375,073.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by insiders.
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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