Prentiss Smith & Co. Inc. Buys Shares of 149,964 Williams-Sonoma Inc. (WSM)
Prentiss Smith & Co. Inc. acquired a new stake in Williams-Sonoma Inc. (NYSE:WSM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 149,964 shares of the company’s stock, valued at approximately $7,818,000. Williams-Sonoma accounts for approximately 4.4% of Prentiss Smith & Co. Inc.’s holdings, making the stock its 8th largest position.
Several other large investors also recently modified their holdings of WSM. Quadrature Capital Ltd boosted its position in shares of Williams-Sonoma by 41.5% in the first quarter. Quadrature Capital Ltd now owns 71,427 shares of the company’s stock valued at $3,909,000 after buying an additional 20,961 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Williams-Sonoma during the first quarter valued at approximately $252,000. Credit Agricole S A boosted its position in shares of Williams-Sonoma by 10.2% in the first quarter. Credit Agricole S A now owns 95,935 shares of the company’s stock valued at $5,252,000 after buying an additional 8,918 shares during the last quarter. Motley Fool Wealth Management LLC boosted its position in shares of Williams-Sonoma by 9.3% in the first quarter. Motley Fool Wealth Management LLC now owns 31,982 shares of the company’s stock valued at $1,751,000 after buying an additional 2,728 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Williams-Sonoma by 28.7% in the first quarter. M&T Bank Corp now owns 24,986 shares of the company’s stock valued at $1,368,000 after buying an additional 5,579 shares during the last quarter. 96.59% of the stock is owned by institutional investors.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded down 0.60% on Tuesday, hitting $50.98. 1,390,004 shares of the stock were exchanged. Williams-Sonoma Inc. has a 52-week low of $47.33 and a 52-week high of $79.55. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 15.26 and a beta of 1.02. The company has a 50 day moving average of $51.48 and a 200 day moving average of $53.67.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.
The business 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 of this dividend is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is presently 44.31%.
Several research analysts recently commented on WSM shares. Argus restated a “buy” rating and set a $75.00 target price on shares of Williams-Sonoma in a report on Monday, August 29th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Williams-Sonoma in a report on Sunday. Barclays PLC restated an “underweight” rating and set a $45.00 target price on shares of Williams-Sonoma in a report on Tuesday, August 23rd. Vetr cut shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 target price for the company. in a report on Tuesday, August 23rd. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $56.00 target price (down previously from $60.00) on shares of Williams-Sonoma in a report on Friday, August 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.70.
In related news, CEO Laura Alber sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the transaction, the chief executive officer now directly owns 307,860 shares in the company, valued at $16,375,073.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Janet Hayes sold 15,027 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the transaction, the insider now owns 32,776 shares in the company, valued at $1,630,278.24. The disclosure for this sale can be found here. 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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