Twin Capital Management Inc. Reduces Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

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Twin Capital Management Inc. trimmed its position in Williams-Sonoma, Inc. (NYSE:WSM) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,240 shares of the specialty retailer’s stock after selling 8,350 shares during the period. Twin Capital Management Inc. owned about 0.13% of Williams-Sonoma worth $6,451,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Williams-Sonoma by 1.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,878 shares of the specialty retailer’s stock valued at $967,000 after buying an additional 155 shares in the last quarter. Vision Capital Management Inc. lifted its position in shares of Williams-Sonoma by 1.0% during the 2nd quarter. Vision Capital Management Inc. now owns 19,793 shares of the specialty retailer’s stock valued at $1,287,000 after buying an additional 195 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Williams-Sonoma by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the specialty retailer’s stock valued at $1,210,000 after buying an additional 200 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Williams-Sonoma by 2.0% during the 1st quarter. Jennison Associates LLC now owns 10,616 shares of the specialty retailer’s stock valued at $597,000 after buying an additional 204 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Williams-Sonoma by 1.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,820 shares of the specialty retailer’s stock valued at $963,000 after buying an additional 210 shares in the last quarter.

Several analysts recently issued reports on WSM shares. Berenberg Bank started coverage on Williams-Sonoma in a research note on Thursday, May 9th. They set a “hold” rating and a $61.00 target price on the stock. Bank of America set a $45.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a research note on Friday, May 31st. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Friday, June 28th. Gordon Haskett raised Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 target price on the stock in a research report on Thursday, June 13th. Finally, Citigroup boosted their target price on Williams-Sonoma from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $60.48.

Shares of WSM stock traded down $0.09 during mid-day trading on Thursday, hitting $62.10. The stock had a trading volume of 32,189 shares, compared to its average volume of 1,127,627. Williams-Sonoma, Inc. has a 12-month low of $45.01 and a 12-month high of $73.99. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.93 and a beta of 0.85. The stock has a 50-day moving average of $65.80. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.12. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts predict that Williams-Sonoma, Inc. will post 4.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, July 26th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio is 43.05%.

In other news, insider Marta Benson sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $61.60, for a total value of $308,000.00. Following the completion of the transaction, the insider now directly owns 17,061 shares of the company’s stock, valued at approximately $1,050,957.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sabrina Simmons sold 1,750 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total value of $105,140.00. Following the completion of the transaction, the director now directly owns 10,915 shares of the company’s stock, valued at $655,773.20. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Williams-Sonoma Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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