Williams-Sonoma, Inc. (WSM) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. lifted its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 263.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,958 shares of the specialty retailer’s stock after purchasing an additional 131,959 shares during the period. Prudential Financial Inc. owned about 0.21% of Williams-Sonoma worth $8,825,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can increased its position in shares of Williams-Sonoma by 94.3% during the first quarter. Bank of Montreal Can now owns 21,506 shares of the specialty retailer’s stock worth $1,153,000 after purchasing an additional 10,436 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Williams-Sonoma by 30.8% during the first quarter. Pacer Advisors Inc. now owns 10,444 shares of the specialty retailer’s stock worth $560,000 after purchasing an additional 2,461 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Williams-Sonoma during the first quarter worth about $2,231,000. First Long Island Investors LLC increased its position in shares of Williams-Sonoma by 30.4% during the first quarter. First Long Island Investors LLC now owns 184,769 shares of the specialty retailer’s stock worth $9,907,000 after purchasing an additional 43,090 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Williams-Sonoma during the first quarter worth about $606,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE WSM) opened at 48.88 on Thursday. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 14.04 and a beta of 0.85. The stock’s 50 day moving average price is $45.83 and its 200 day moving average price is $48.83.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that Williams-Sonoma, Inc. will post $3.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, July 21st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.
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A number of research firms have recently commented on WSM. SunTrust Banks, Inc. set a $62.00 target price on Williams-Sonoma and gave the stock a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, August 16th. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Friday, May 26th. Royal Bank Of Canada raised their price target on Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 24th. Finally, BidaskClub raised Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.92.
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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