ProShare Advisors LLC reduced its position in Williams-Sonoma, Inc. (NYSE:WSM) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,308 shares of the specialty retailer’s stock after selling 1,048 shares during the period. ProShare Advisors LLC’s holdings in Williams-Sonoma were worth $392,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. New Amsterdam Partners LLC NY bought a new stake in shares of Williams-Sonoma during the third quarter worth $4,374,000. Legacy Capital Partners Inc. bought a new stake in Williams-Sonoma during the third quarter valued at approximately $313,000. Strategic Financial Services Inc raised its stake in Williams-Sonoma by 1.0% in the third quarter. Strategic Financial Services Inc now owns 59,715 shares of the specialty retailer’s stock valued at $3,050,000 after buying an additional 565 shares during the period. Northern Trust Corp increased its position in shares of Williams-Sonoma by 1.4% in the third quarter. Northern Trust Corp now owns 712,047 shares of the specialty retailer’s stock valued at $36,371,000 after buying an additional 10,143 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Williams-Sonoma by 3.9% in the third quarter. Principal Financial Group Inc. now owns 328,900 shares of the specialty retailer’s stock valued at $16,800,000 after buying an additional 12,409 shares in the last quarter. Institutional investors own 97.55% of the company’s stock.
Williams-Sonoma, Inc. (NYSE:WSM) traded up 0.54% during mid-day trading on Monday, hitting $48.23. 1,113,292 shares of the stock were exchanged. The company has a market cap of $4.18 billion, a P/E ratio of 14.05 and a beta of 0.88. Williams-Sonoma, Inc. has a one year low of $45.68 and a one year high of $57.40. The company has a 50-day moving average price of $50.18 and a 200-day moving average price of $50.63.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts forecast that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 21st will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s payout ratio is currently 45.35%.
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Several research analysts recently weighed in on the stock. SunTrust Banks, Inc. set a $62.00 target price on shares of Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. J P Morgan Chase & Co increased their price target on shares of Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, April 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 price target on shares of Williams-Sonoma in a report on Thursday, May 25th. Finally, Telsey Advisory Group increased their price objective on shares of Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company’s stock. Williams-Sonoma currently has an average rating of “Hold” and an average target price of $57.01.
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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