Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 59.6% during the third quarter, Holdings Channel reports. The fund owned 15,200 shares of the company’s stock after selling 22,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Williams-Sonoma were worth $527,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of WSM. Fisher Asset Management LLC increased its position in shares of Williams-Sonoma by 0.4% in the third quarter. Fisher Asset Management LLC now owns 37,726 shares of the company’s stock valued at $1,927,000 after buying an additional 155 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock valued at $107,000 after buying an additional 236 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Williams-Sonoma by 0.6% in the second quarter. Prudential Financial Inc. now owns 49,729 shares of the company’s stock valued at $2,592,000 after buying an additional 300 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of Williams-Sonoma by 6.7% in the second quarter. Calvert Investment Management Inc. now owns 5,079 shares of the company’s stock valued at $265,000 after buying an additional 320 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Williams-Sonoma by 5.6% in the second quarter. Victory Capital Management Inc. now owns 6,474 shares of the company’s stock valued at $337,000 after buying an additional 345 shares during the last quarter. 99.06% of the stock is owned by institutional investors and hedge funds.
Williams-Sonoma, Inc. (NYSE:WSM) traded up 0.04% on Wednesday, hitting $50.18. 991,669 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $52.22 and a 200-day moving average price of $51.47. The stock has a market cap of $4.41 billion, a P/E ratio of 14.93 and a beta of 0.90. Williams-Sonoma, Inc. has a 52-week low of $45.96 and a 52-week high of $61.97.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The company earned $1.25 million during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.77 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Analysts predict that Williams-Sonoma, Inc. will post $3.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Thursday, January 26th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.95%. Williams-Sonoma’s dividend payout ratio is currently 44.18%.
Several equities analysts recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating on shares of Williams-Sonoma in a research note on Saturday, November 19th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, December 13th. Nomura restated a “buy” rating and issued a $65.00 price target on shares of Williams-Sonoma in a research report on Monday, November 21st. Barclays PLC set a $40.00 price target on shares of Williams-Sonoma and gave the company a “sell” rating in a research report on Friday, November 18th. Finally, Vetr cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.14 price target for the company. in a research report on Tuesday, November 15th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $57.05.
In related news, insider James W. Jr. Brett sold 16,355 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $54.49, for a total transaction of $891,183.95. Following the completion of the sale, the insider now directly owns 24,978 shares in the company, valued at approximately $1,361,051.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
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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