Wellington Management Group LLP bought a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the first quarter, according to its most recent filing with the SEC. The fund bought 3,981 shares of the specialty retailer’s stock, valued at approximately $213,000.
Several other institutional investors have also recently bought and sold shares of WSM. Principal Financial Group Inc. raised its position in Williams-Sonoma by 2.0% in the first quarter. Principal Financial Group Inc. now owns 334,740 shares of the specialty retailer’s stock valued at $17,948,000 after buying an additional 6,516 shares during the period. OppenheimerFunds Inc. raised its position in Williams-Sonoma by 35.3% in the first quarter. OppenheimerFunds Inc. now owns 25,745 shares of the specialty retailer’s stock valued at $1,380,000 after buying an additional 6,715 shares during the period. Gofen & Glossberg LLC IL raised its position in Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 120 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Williams-Sonoma by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 37,740 shares of the specialty retailer’s stock valued at $2,024,000 after buying an additional 350 shares during the period. Finally, Boston Private Wealth LLC raised its position in Williams-Sonoma by 8.0% in the first quarter. Boston Private Wealth LLC now owns 172,107 shares of the specialty retailer’s stock valued at $9,228,000 after buying an additional 12,772 shares during the period. 95.52% of the stock is owned by hedge funds and other institutional investors.
Williams-Sonoma, Inc. (NYSE:WSM) traded up 1.31% on Wednesday, hitting $44.80. The stock had a trading volume of 369,586 shares. The stock’s 50 day moving average is $46.25 and its 200 day moving average is $49.11. Williams-Sonoma, Inc. has a one year low of $43.96 and a one year high of $57.40. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 13.05 and a beta of 0.89. Williams-Sonoma also was the recipient of unusually large options trading on Monday. Stock investors purchased 30,089 put options on the company. This is an increase of 1,511% compared to the average volume of 1,868 put options.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s payout ratio is 45.35%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, August 8th. BidaskClub raised shares of Williams-Sonoma from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. SunTrust Banks, Inc. set a $62.00 target price on shares of Williams-Sonoma and gave the company a “buy” rating in a report on Saturday, June 10th. ValuEngine lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, CIBC reissued a “hold” rating on shares of Williams-Sonoma in a research note on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.82.
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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