Texas Permanent School Fund Sells 319 Shares of Williams-Sonoma, Inc. (NYSE:WSM)
Texas Permanent School Fund lowered its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 58,194 shares of the specialty retailer’s stock after selling 319 shares during the period. Texas Permanent School Fund’s holdings in Williams-Sonoma were worth $2,822,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Creative Planning boosted 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 valued at $112,000 after buying an additional 76 shares during the period. IFP Advisors Inc boosted its stake in shares of Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 217 shares during the period. First Interstate Bank boosted its stake in shares of Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 250 shares during the period. Invictus RG acquired a new stake in shares of Williams-Sonoma during the first quarter valued at about $122,000. Finally, Foresters Investment Management Company Inc. acquired a new stake in shares of Williams-Sonoma during the first quarter valued at about $134,000. 97.09% of the stock is currently owned by institutional investors.
Williams-Sonoma, Inc. (NYSE WSM) opened at 47.21 on Tuesday. The firm has a 50-day moving average of $46.82 and a 200-day moving average of $49.33. The firm has a market cap of $4.09 billion, a PE ratio of 13.75 and a beta of 0.89. Williams-Sonoma, Inc. has a 52-week low of $43.96 and a 52-week high of $57.40.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Williams-Sonoma, Inc. will post $3.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s payout ratio is 45.35%.
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Several brokerages have issued reports on WSM. Gordon Haskett began coverage on shares of Williams-Sonoma in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of Williams-Sonoma in a research note on Thursday, May 25th. ValuEngine cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, May 25th. Finally, BidaskClub cut shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and a consensus 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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