Wakefield Asset Management LLLP grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 0.6% in the 2nd quarter, Holdings Channel reports. The fund owned 12,794 shares of the specialty retailer’s stock after purchasing an additional 81 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Williams-Sonoma were worth $2,043,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Panagora Asset Management Inc. grew its holdings in shares of Williams-Sonoma by 1.5% during the first quarter. Panagora Asset Management Inc. now owns 4,426 shares of the specialty retailer’s stock worth $793,000 after buying an additional 66 shares in the last quarter. Cigna Investments Inc. New grew its holdings in shares of Williams-Sonoma by 2.6% during the first quarter. Cigna Investments Inc. New now owns 2,761 shares of the specialty retailer’s stock worth $495,000 after buying an additional 70 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Williams-Sonoma by 27.6% during the first quarter. Quadrant Capital Group LLC now owns 361 shares of the specialty retailer’s stock worth $65,000 after buying an additional 78 shares in the last quarter. Infusive Asset Management Inc. grew its holdings in shares of Williams-Sonoma by 13.5% during the first quarter. Infusive Asset Management Inc. now owns 908 shares of the specialty retailer’s stock worth $163,000 after buying an additional 108 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Williams-Sonoma by 14.1% during the second quarter. Cullen Frost Bankers Inc. now owns 916 shares of the specialty retailer’s stock worth $146,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.
A number of research firms have weighed in on WSM. Exane BNP Paribas began coverage on Williams-Sonoma in a research note on Friday, July 16th. They issued a “neutral” rating and a $179.00 price target for the company. Loop Capital raised their price target on Williams-Sonoma from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, August 26th. Bank of America upgraded Williams-Sonoma from an “underperform” rating to a “neutral” rating and raised their price target for the company from $100.00 to $180.00 in a research note on Tuesday, June 1st. Wedbush raised their price target on Williams-Sonoma from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, August 26th. Finally, Zacks Investment Research cut Williams-Sonoma from a “buy” rating to a “hold” rating and set a $179.00 price objective for the company. in a research report on Wednesday, May 19th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $174.18.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Tuesday, August 24th. The specialty retailer reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.69. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.80 billion. Williams-Sonoma had a return on equity of 65.88% and a net margin of 12.70%. Williams-Sonoma’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, equities analysts forecast that Williams-Sonoma, Inc. will post 13.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 26th. Investors of record on Friday, October 22nd will be given a dividend of $0.71 per share. The ex-dividend date is Thursday, October 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.57%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.59. Williams-Sonoma’s payout ratio is currently 26.11%.
In other Williams-Sonoma news, insider Ryan Ross sold 2,400 shares of Williams-Sonoma stock in a transaction dated Wednesday, July 7th. The stock was sold at an average price of $165.00, for a total transaction of $396,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David Randolph King sold 7,450 shares of the business’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $186.55, for a total value of $1,389,797.50. Following the completion of the transaction, the executive vice president now directly owns 30,437 shares in the company, valued at $5,678,022.35. The disclosure for this sale can be found here. Insiders have sold a total of 45,450 shares of company stock worth $7,608,650 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.
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