Retirement Systems of Alabama Acquires 101,918 Shares of Williams-Sonoma, Inc. (WSM)
Retirement Systems of Alabama raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 97.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,254 shares of the specialty retailer’s stock after buying an additional 101,918 shares during the period. Retirement Systems of Alabama’s holdings in Williams-Sonoma were worth $10,003,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of WSM. Cribstone Capital Management LLC increased its stake in Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock valued at $1,224,000 after buying an additional 70 shares during the last quarter. Creative Planning boosted its position in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares during the period. US Bancorp DE boosted its position in Williams-Sonoma by 0.4% in the second 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 position in Williams-Sonoma by 0.3% in the second 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. Finally, Gofen & Glossberg LLC IL boosted its position in Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 120 shares during the period. 97.09% of the stock is owned by institutional investors.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) opened at 45.74 on Friday. Williams-Sonoma, Inc. has a 52 week low of $43.96 and a 52 week high of $57.40. The company’s 50 day moving average is $46.38 and its 200-day moving average is $49.15. The stock has a market capitalization of $3.96 billion, a PE ratio of 13.32 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 21st will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s payout ratio is 45.35%.
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Several research firms recently weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price target on shares of Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of 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. BidaskClub upgraded shares of Williams-Sonoma from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. CIBC restated a “hold” rating on shares of Williams-Sonoma in a report on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.82.
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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