Shelton Capital Management purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,172 shares of the specialty retailer’s stock, valued at approximately $299,000.

Several other hedge funds have also added to or reduced their stakes in WSM. BlackRock Inc. grew its stake 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 worth $489,461,000 after buying an additional 9,047,189 shares in the last quarter. FMR LLC grew its stake in Williams-Sonoma by 115.4% during the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after buying an additional 1,435,014 shares in the last quarter. Kiltearn Partners LLP acquired a new stake in Williams-Sonoma during the second quarter worth about $38,846,000. Vanguard Group Inc. grew its stake 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 worth $354,832,000 after buying an additional 506,305 shares in the last quarter. Finally, First Trust Advisors LP grew its stake 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 worth $30,323,000 after buying an additional 492,159 shares in the last quarter. Institutional investors and hedge funds own 97.89% of the company’s stock.

A number of equities research analysts have issued reports on WSM shares. Buckingham Research reduced their price objective on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on shares of Williams-Sonoma and gave the stock a “hold” rating in a research note on Thursday, August 24th. Royal Bank Of Canada increased their price objective on shares of Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 24th. Bank of America Corporation reiterated an “underperform” rating and set a $40.00 price objective (down from $44.00) on shares of Williams-Sonoma in a research note on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of Williams-Sonoma from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and an average price target of $52.18.

Williams-Sonoma, Inc. (NYSE WSM) opened at 50.00 on Friday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 14.36 and a beta of 0.85. The company has a 50-day moving average of $48.77 and a 200-day moving average of $48.99. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $56.94.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that Williams-Sonoma, Inc. will post $3.60 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.12%. Williams-Sonoma’s payout ratio is currently 44.96%.

ILLEGAL ACTIVITY NOTICE: This article was published by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.watchlistnews.com/shelton-capital-management-purchases-shares-of-6172-williams-sonoma-inc-wsm/1632289.html.

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.

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

Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.