Engineers Gate Manager LP Invests $636,000 in Williams-Sonoma, Inc. (WSM)
Engineers Gate Manager LP bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,118 shares of the specialty retailer’s stock, valued at approximately $636,000.
Several other hedge funds also recently made changes to their positions in WSM. First Interstate Bank lifted its position in shares of Williams-Sonoma by 12.5% during the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after purchasing an additional 250 shares in the last quarter. Invictus RG acquired a new position in shares of Williams-Sonoma during the first quarter worth approximately $122,000. Foresters Investment Management Company Inc. acquired a new position in shares of Williams-Sonoma during the first quarter worth approximately $134,000. Alpha Omega Wealth Management LLC lifted its position in shares of Williams-Sonoma by 828.3% during the second quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,485 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Williams-Sonoma by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock worth $141,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 97.89% of the company’s stock.
A number of equities analysts have recently issued reports on WSM shares. Credit Suisse Group set a $44.00 target price on shares of Williams-Sonoma and gave the stock a “hold” rating in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Friday, May 26th. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub lowered shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.65.
Shares of Williams-Sonoma, Inc. (WSM) opened at 49.09 on Friday. The company has a market cap of $4.18 billion, a P/E ratio of 14.10 and a beta of 0.85. The firm has a 50-day moving average of $46.10 and a 200 day moving average of $48.82. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. Equities analysts anticipate that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.96%.
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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