GAM Holding AG Has $1,359,000 Position in Williams-Sonoma, Inc. (WSM)
GAM Holding AG maintained its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,021 shares of the specialty retailer’s stock at the end of the second quarter. GAM Holding AG’s holdings in Williams-Sonoma were worth $1,359,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of WSM. Creative Planning raised its stake in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock worth $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank raised its stake in shares of Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after buying an additional 250 shares during the last quarter. Invictus RG bought a new stake in shares of Williams-Sonoma during the first quarter worth approximately $122,000. Finally, Foresters Investment Management Company Inc. bought a new stake in shares of Williams-Sonoma during the first quarter worth approximately $134,000. Institutional investors and hedge funds own 96.84% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) opened at 45.96 on Thursday. The company has a market cap of $3.94 billion, a P/E ratio of 13.20 and a beta of 0.89. The company’s 50 day moving average is $45.35 and its 200 day moving average is $48.89. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $56.94.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. On average, equities analysts predict that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, July 21st were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.39%. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
A number of brokerages recently commented on WSM. Gordon Haskett began coverage on shares of Williams-Sonoma in a report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and set a $54.00 price objective on shares of Williams-Sonoma in a report on Thursday, May 25th. ValuEngine lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BTIG Research restated a “sell” rating and set a $41.00 price objective on shares of Williams-Sonoma in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.92.
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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