Papp L Roy & Associates decreased its stake in shares of Williams-Sonoma Inc. (NYSE:WSM) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 51,056 shares of the company’s stock after selling 1,815 shares during the period. Papp L Roy & Associates’ holdings in Williams-Sonoma were worth $2,662,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. 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 bought a new position in Williams-Sonoma during the second quarter valued at about $205,000. 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. OMERS ADMINISTRATION Corp bought a new position in Williams-Sonoma during the first quarter valued at about $252,000. Finally, LS Investment Advisors LLC boosted its position in Williams-Sonoma by 64.0% in the second quarter. LS Investment Advisors LLC now owns 5,033 shares of the company’s stock valued at $262,000 after buying an additional 1,964 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
Williams-Sonoma Inc. (NYSE:WSM) traded up 0.41% during mid-day trading on Monday, hitting $51.29. The stock had a trading volume of 1,236,946 shares. Williams-Sonoma Inc. has a one year low of $47.33 and a one year high of $79.55. The company has a market cap of $4.54 billion, a PE ratio of 15.36 and a beta of 1.02. The firm’s 50-day moving average price is $51.56 and its 200 day moving average price is $53.77.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results 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 firm earned $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Williams-Sonoma Inc. will post $3.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be given 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 issued reports on WSM shares. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, August 10th. Vetr cut shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $57.91 target price on the stock. in a research note on Wednesday, June 29th. Citigroup Inc. initiated coverage on shares of Williams-Sonoma in a research note on Friday, June 17th. They issued a “buy” rating and a $69.00 price objective on the stock. Nomura set a $75.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, 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. 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 given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.70.
In other Williams-Sonoma news, CEO Laura Alber sold 80,000 shares of the company’s stock in a transaction 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 directly owns 307,860 shares in the company, valued at approximately $16,375,073.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Janet Hayes sold 15,027 shares of the company’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 completion of the sale, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The disclosure for this sale can be found here. Corporate 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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