BNP Paribas Arbitrage SA boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 43.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,824 shares of the specialty retailer’s stock after purchasing an additional 13,222 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Williams-Sonoma worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Williams-Sonoma by 94.3% during the first quarter. Bank of Montreal Can now owns 21,506 shares of the specialty retailer’s stock worth $1,153,000 after purchasing an additional 10,436 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Williams-Sonoma by 30.8% during the first quarter. Pacer Advisors Inc. now owns 10,444 shares of the specialty retailer’s stock worth $560,000 after purchasing an additional 2,461 shares in the last quarter. Menta Capital LLC purchased a new stake in Williams-Sonoma during the 1st quarter valued at about $2,231,000. First Long Island Investors LLC grew its stake in Williams-Sonoma by 30.4% during the 1st quarter. First Long Island Investors LLC now owns 184,769 shares of the specialty retailer’s stock valued at $9,907,000 after acquiring an additional 43,090 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in Williams-Sonoma during the 1st quarter valued at about $606,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
Several analysts have recently weighed in on the stock. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, August 16th. Guggenheim reiterated a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Finally, Telsey Advisory Group increased their target price on shares of Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $51.65.
Shares of Williams-Sonoma, Inc. (NYSE WSM) traded up 1.32% during trading on Friday, reaching $49.09. 1,891,167 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.18 billion, a PE ratio of 14.10 and a beta of 0.85. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94. The company’s 50-day moving average price is $46.10 and its 200 day moving average price is $48.82.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Analysts predict that Williams-Sonoma, Inc. will post $3.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. Williams-Sonoma’s payout ratio is 44.96%.
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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