Williams-Sonoma Inc. (WSM) Position Raised by Victory Capital Management Inc.
Victory Capital Management Inc. increased its stake in shares of Williams-Sonoma Inc. (NYSE:WSM) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,474 shares of the company’s stock after buying an additional 345 shares during the period. Victory Capital Management Inc.’s holdings in Williams-Sonoma were worth $337,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. NEXT Financial Group Inc boosted its position in Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock valued at $148,000 after buying an additional 1,100 shares during the period. HL Financial Services LLC bought a new position in Williams-Sonoma during the second quarter valued at about $205,000. Pillar Pacific Capital Management LLC bought a new position in Williams-Sonoma during the second quarter valued at about $216,000. Massmutual Trust Co. FSB ADV boosted its position in Williams-Sonoma by 3.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,107 shares of the company’s stock valued at $225,000 after buying an additional 140 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Williams-Sonoma during the second quarter valued at about $228,000. Institutional investors and hedge funds own 96.59% of the company’s stock.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded up 1.31% on Friday, hitting $51.08. 1,567,789 shares of the stock traded hands. Williams-Sonoma Inc. has a 52 week low of $47.33 and a 52 week high of $79.55. The firm’s 50 day moving average is $51.56 and its 200 day moving average is $53.77. The firm has a market capitalization of $4.52 billion, a PE ratio of 15.29 and a beta of 1.01.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The company earned $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned $0.58 EPS. Williams-Sonoma’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect that Williams-Sonoma Inc. will post $3.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is 44.31%.
Several research firms recently commented on WSM. Oppenheimer Holdings Inc. began coverage on shares of Williams-Sonoma in a research note on Tuesday, September 20th. They set an “outperform” rating for the company. Credit Suisse Group AG began coverage on shares of Williams-Sonoma in a research note on Thursday, August 25th. They set a “neutral” rating and a $50.00 target price for the company. Vetr lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 target price for the company. in a research note on Monday, August 29th. Argus reissued a “buy” rating and set a $75.00 target price on shares of Williams-Sonoma in a research note on Monday, August 29th. Finally, Wedbush reissued a “neutral” rating and set a $53.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $59.70.
In other news, insider Janet Hayes sold 15,027 shares of Williams-Sonoma stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the sale, the insider now owns 32,776 shares in the company, valued at approximately $1,630,278.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 80,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the sale, the chief executive officer now owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
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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