Systematic Financial Management LP Sells 40,438 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

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Systematic Financial Management LP decreased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,369 shares of the specialty retailer’s stock after selling 40,438 shares during the period. Systematic Financial Management LP owned approximately 0.29% of Williams-Sonoma worth $15,525,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Williams-Sonoma by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,878 shares of the specialty retailer’s stock worth $967,000 after acquiring an additional 155 shares in the last quarter. San Francisco Sentry Investment Group CA grew its position in Williams-Sonoma by 2.9% in the second quarter. San Francisco Sentry Investment Group CA now owns 5,705 shares of the specialty retailer’s stock valued at $371,000 after purchasing an additional 160 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its position in Williams-Sonoma by 1.8% in the third quarter. Shulman DeMeo Asset Management LLC now owns 9,128 shares of the specialty retailer’s stock valued at $621,000 after purchasing an additional 164 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Williams-Sonoma by 5.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,269 shares of the specialty retailer’s stock valued at $213,000 after purchasing an additional 178 shares in the last quarter. Finally, Vision Capital Management Inc. grew its position in Williams-Sonoma by 1.0% in the second quarter. Vision Capital Management Inc. now owns 19,793 shares of the specialty retailer’s stock valued at $1,287,000 after purchasing an additional 195 shares in the last quarter.

Shares of WSM traded down $0.90 during midday trading on Tuesday, reaching $70.47. The stock had a trading volume of 1,187,100 shares, compared to its average volume of 1,426,552. The firm has a 50 day simple moving average of $67.94 and a 200-day simple moving average of $63.50. Williams-Sonoma, Inc. has a one year low of $45.01 and a one year high of $71.63. The firm has a market cap of $5.56 billion, a PE ratio of 15.80, a P/E/G ratio of 1.53 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.31 billion. Williams-Sonoma had a net margin of 6.07% and a return on equity of 33.89%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. As a group, research analysts forecast that Williams-Sonoma, Inc. will post 4.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, October 24th. Williams-Sonoma’s dividend payout ratio is presently 43.05%.

WSM has been the subject of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, August 29th. Royal Bank of Canada raised their target price on shares of Williams-Sonoma from $61.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, August 29th. Wedbush set a $63.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a research report on Thursday, August 29th. Citigroup set a $70.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, Argus lifted their price objective on shares of Williams-Sonoma to $73.00 and gave the company a “positive” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the company’s stock. Williams-Sonoma has a consensus rating of “Hold” and an average target price of $63.32.

In other news, CEO Laura Alber sold 35,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $70.57, for a total transaction of $2,469,950.00. Following the completion of the sale, the chief executive officer now owns 411,861 shares in the company, valued at approximately $29,065,030.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alex Bellos sold 4,820 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $65.25, for a total transaction of $314,505.00. Following the sale, the insider now owns 8,177 shares of the company’s stock, valued at approximately $533,549.25. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.

Further Reading: What is the CBOE Russell 2000® Volatility Index?

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

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