Flippin Bruce & Porter Inc. bought a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 70,140 shares of the specialty retailer’s stock, valued at approximately $3,497,000. Flippin Bruce & Porter Inc. owned 0.08% of Williams-Sonoma as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vision Capital Management Inc. boosted its stake in shares of Williams-Sonoma by 0.3% during the 2nd quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock valued at $902,000 after buying an additional 47 shares during the period. US Bancorp DE boosted its stake in shares of Williams-Sonoma by 0.4% during the 2nd quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock valued at $1,033,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Williams-Sonoma by 0.3% during the 2nd quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock valued at $1,596,000 after buying an additional 100 shares during the period. Cribstone Capital Management LLC boosted its stake in shares of Williams-Sonoma by 0.6% during the 2nd quarter. Cribstone Capital Management LLC now owns 22,609 shares of the specialty retailer’s stock valued at $1,097,000 after buying an additional 130 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Williams-Sonoma by 0.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 48,421 shares of the specialty retailer’s stock valued at $2,346,000 after buying an additional 158 shares during the period. 98.93% of the stock is owned by institutional investors.

Williams-Sonoma, Inc. (NYSE:WSM) traded up $1.10 during trading hours on Tuesday, hitting $51.35. 1,973,000 shares of the stock traded hands, compared to its average volume of 1,634,061. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $56.94. The company has a market cap of $4,309.14, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91.

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, topping the consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. research analysts forecast that Williams-Sonoma, Inc. will post 3.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.04%. Williams-Sonoma’s payout ratio is 44.96%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, August 16th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Williams-Sonoma in a research note on Thursday, September 28th. Royal Bank Of Canada lifted their target price on shares of Williams-Sonoma from $49.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $60.00 target price (down previously from $64.00) on shares of Williams-Sonoma in a research note on Thursday, August 24th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus price target of $52.18.

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About Williams-Sonoma

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.

Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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