Shelton Capital Management Purchases Shares of 6,172 Williams-Sonoma, Inc. (WSM)
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%.
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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