Williams-Sonoma, Inc. (WSM) Holdings Reduced by Cove Street Capital LLC
Cove Street Capital LLC cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,044 shares of the specialty retailer’s stock after selling 700 shares during the quarter. Cove Street Capital LLC owned approximately 0.11% of Williams-Sonoma worth $4,561,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WSM. BlackRock Inc. raised its holdings in Williams-Sonoma by 11,148.3% during the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after acquiring an additional 9,047,189 shares during the period. FMR LLC raised its holdings in Williams-Sonoma by 115.4% during the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after acquiring an additional 1,435,014 shares during the period. Kiltearn Partners LLP bought a new stake in Williams-Sonoma during the second quarter valued at about $38,846,000. Vanguard Group Inc. raised its holdings in Williams-Sonoma by 8.3% during the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after acquiring an additional 506,305 shares during the period. Finally, First Trust Advisors LP raised its holdings in Williams-Sonoma by 369.9% during the second quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock valued at $30,323,000 after acquiring an additional 492,159 shares during the period. 97.89% of the stock is currently owned by institutional investors and hedge funds.
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A number of research firms have commented on WSM. BidaskClub raised Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Telsey Advisory Group raised their price target on Williams-Sonoma from $49.00 to $51.00 and gave the company a “market perform” rating in a report on Thursday, September 14th. ValuEngine cut Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. SunTrust Banks, Inc. set a $62.00 price target on Williams-Sonoma and gave the company a “buy” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $51.65.
Williams-Sonoma, Inc. (WSM) traded up 0.36% on Friday, reaching $46.78. The company had a trading volume of 1,030,858 shares. Williams-Sonoma, Inc. has a 1-year low of $42.68 and a 1-year high of $56.94. The firm has a market capitalization of $3.98 billion, a P/E ratio of 13.43 and a beta of 0.85. The company’s 50-day moving average price is $46.22 and its 200 day moving average price is $48.79.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $1.20 billion during 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%. Williams-Sonoma’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. On average, equities analysts forecast that Williams-Sonoma, Inc. will post $3.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.33%. Williams-Sonoma’s payout ratio is 44.96%.
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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