Principal Financial Group Inc. Increases Position in Williams-Sonoma Inc. (WSM)
Principal Financial Group Inc. boosted its position in shares of Williams-Sonoma Inc. (NYSE:WSM) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,491 shares of the company’s stock after buying an additional 36,772 shares during the period. Principal Financial Group Inc. owned 0.35% of Williams-Sonoma worth $16,499,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of WSM. Geode Capital Management LLC raised its position in shares of Williams-Sonoma by 28.2% in the first quarter. Geode Capital Management LLC now owns 614,648 shares of the company’s stock worth $33,645,000 after buying an additional 135,224 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Williams-Sonoma by 128.7% in the first quarter. Renaissance Technologies LLC now owns 731,700 shares of the company’s stock worth $40,053,000 after buying an additional 411,800 shares during the last quarter. Boston Advisors LLC raised its position in shares of Williams-Sonoma by 361.4% in the second quarter. Boston Advisors LLC now owns 284,828 shares of the company’s stock worth $14,848,000 after buying an additional 223,100 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Williams-Sonoma by 2.9% in the first quarter. Teachers Advisors Inc. now owns 70,669 shares of the company’s stock worth $3,868,000 after buying an additional 1,975 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Williams-Sonoma by 173.0% in the first quarter. BlackRock Group LTD now owns 346,819 shares of the company’s stock worth $18,985,000 after buying an additional 219,791 shares during the last quarter. 96.59% of the stock is owned by hedge funds and other institutional investors.
Williams-Sonoma Inc. (NYSE:WSM) traded down 2.00% during midday trading on Thursday, reaching $50.07. The company had a trading volume of 120,024 shares. Williams-Sonoma Inc. has a one year low of $47.33 and a one year high of $79.14. The firm has a market capitalization of $4.43 billion, a P/E ratio of 14.99 and a beta of 1.02. The stock’s 50 day moving average price is $51.34 and its 200-day moving average price is $53.61.
Williams-Sonoma (NYSE:WSM) last released 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. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Thursday, October 27th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 annualized dividend and a yield of 2.90%. Williams-Sonoma’s dividend payout ratio is currently 44.31%.
A number of equities analysts have issued reports on WSM shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Williams-Sonoma in a research note on Sunday. Argus reaffirmed a “buy” rating and set a $75.00 price target on shares of Williams-Sonoma in a research note on Monday, August 29th. Barclays PLC reissued an “underweight” rating and set a $45.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, August 23rd. Vetr lowered Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price objective for the company. in a research note on Tuesday, August 23rd. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $56.00 price objective (down from $60.00) on shares of Williams-Sonoma in a research note on Friday, August 26th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.70.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of the 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 transaction, the insider now owns 32,776 shares in the company, valued at approximately $1,630,278.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Laura Alber sold 80,000 shares of the 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 transaction, the chief executive officer now owns 307,860 shares in the company, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
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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