Williams-Sonoma, Inc. (WSM) Shares Bought by Grimes & Company Inc.
Grimes & Company Inc. raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 127,104 shares of the specialty retailer’s stock after buying an additional 2,708 shares during the period. Grimes & Company Inc.’s holdings in Williams-Sonoma were worth $6,165,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Cribstone Capital Management LLC raised its stake in shares of Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 70 shares in the last quarter. Creative Planning raised its stake in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares in the last quarter. Gofen & Glossberg LLC IL raised its stake in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock worth $1,477,000 after buying an additional 120 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Williams-Sonoma by 0.4% in the first quarter. Mason Street Advisors LLC now owns 38,180 shares of the specialty retailer’s stock worth $2,047,000 after buying an additional 168 shares in the last quarter. Finally, Cascade Investment Advisors Inc. raised its stake in shares of Williams-Sonoma by 0.7% in the second quarter. Cascade Investment Advisors Inc. now owns 28,990 shares of the specialty retailer’s stock worth $1,406,000 after buying an additional 200 shares in the last quarter. 97.51% of the stock is owned by institutional investors.
Williams-Sonoma, Inc. (NYSE WSM) traded down 2.11% on Tuesday, hitting $44.05. 996,340 shares of the company’s stock traded hands. The stock has a 50-day moving average of $48.68 and a 200-day moving average of $50.14. Williams-Sonoma, Inc. has a one year low of $43.96 and a one year high of $57.40. The stock has a market cap of $3.82 billion, a PE ratio of 12.83 and a beta of 0.90.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. Williams-Sonoma’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities analysts forecast that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 21st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s payout ratio is currently 45.35%.
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A number of equities research analysts have commented on WSM shares. J P Morgan Chase & Co upped their price target on Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, April 3rd. Gordon Haskett initiated coverage on Williams-Sonoma in a research report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 target price on the stock. ValuEngine raised Williams-Sonoma from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Credit Suisse Group reaffirmed a “hold” rating and set a $44.00 price target on shares of Williams-Sonoma in a research note on Tuesday, May 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company’s stock. Williams-Sonoma has a consensus rating of “Hold” and an average price target of $56.82.
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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