Stonebridge Capital Management Inc. boosted its stake in Williams-Sonoma Inc. (NYSE:WSM) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,925 shares of the company’s stock after buying an additional 4,680 shares during the period. Williams-Sonoma makes up 1.2% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 28th largest position. Stonebridge Capital Management Inc.’s holdings in Williams-Sonoma were worth $2,655,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Williams-Sonoma during the fourth quarter valued at about $46,094,000. Commonwealth Equity Services Inc raised its stake in Williams-Sonoma by 1.4% in the first quarter. Commonwealth Equity Services Inc now owns 49,719 shares of the company’s stock valued at $2,722,000 after buying an additional 678 shares during the period. Pacad Investment Ltd. raised its stake in Williams-Sonoma by 123.4% in the first quarter. Pacad Investment Ltd. now owns 23,900 shares of the company’s stock valued at $1,308,000 after buying an additional 13,200 shares during the period. Teachers Advisors Inc. raised its stake in Williams-Sonoma by 2.9% in the first quarter. Teachers Advisors Inc. now owns 70,669 shares of the company’s stock valued at $3,868,000 after buying an additional 1,975 shares during the period. Finally, BlackRock Inc. raised its stake in Williams-Sonoma by 55.4% in the first quarter. BlackRock Inc. now owns 52,417 shares of the company’s stock valued at $2,868,000 after buying an additional 18,694 shares during the period. 96.59% of the stock is currently owned by hedge funds and other institutional investors.
Williams-Sonoma Inc. (NYSE:WSM) traded down 0.32% on Wednesday, reaching $50.40. 2,114,274 shares of the company’s stock traded hands. Williams-Sonoma Inc. has a 12 month low of $47.33 and a 12 month high of $79.55. The firm has a market cap of $4.46 billion, a PE ratio of 15.09 and a beta of 1.01. The firm’s 50-day moving average is $51.67 and its 200 day moving average is $53.87.
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. Equities analysts predict that Williams-Sonoma Inc. will post $3.46 EPS 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 2.94%. The ex-dividend date of this dividend is Tuesday, October 25th. Williams-Sonoma’s payout ratio is 44.31%.
Several equities analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Williams-Sonoma in a research report on Wednesday, June 1st. They issued a “sell” rating and a $45.00 price objective on the stock. Vetr lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $53.81 price objective on the stock. in a research report on Wednesday, June 15th. Citigroup Inc. assumed coverage on shares of Williams-Sonoma in a research report on Friday, June 17th. They issued a “buy” rating and a $69.00 price objective on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Tuesday, July 5th. Finally, Wedbush reissued a “neutral” rating and issued a $53.00 price objective on shares of Williams-Sonoma in a research report on Thursday, August 4th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $59.70.
In other news, insider Janet Hayes sold 15,027 shares of the business’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the transaction, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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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