State Board of Administration of Florida Retirement System lessened its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,251 shares of the specialty retailer’s stock after selling 3,320 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.14% of Williams-Sonoma worth $7,074,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WSM. Mackay Shields LLC boosted its position in shares of Williams-Sonoma by 50.0% during the second quarter. Mackay Shields LLC now owns 231,142 shares of the specialty retailer’s stock worth $14,188,000 after buying an additional 77,021 shares during the period. Brookstone Capital Management purchased a new position in shares of Williams-Sonoma during the second quarter worth $510,000. Engineers Gate Manager LP purchased a new position in shares of Williams-Sonoma during the second quarter worth $4,524,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Williams-Sonoma by 6.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 39,846 shares of the specialty retailer’s stock worth $2,444,000 after buying an additional 2,537 shares during the period. Finally, Financial Counselors Inc. purchased a new position in shares of Williams-Sonoma during the second quarter worth $272,000.

Several research analysts have recently commented on WSM shares. Deutsche Bank raised their price target on Williams-Sonoma from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, May 24th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Friday, July 20th. Loop Capital raised their price target on Williams-Sonoma to $65.00 and gave the stock a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. UBS Group lowered their price target on Williams-Sonoma from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, May 24th. Finally, Buckingham Research raised their price target on Williams-Sonoma from $54.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and an average price target of $58.48.

NYSE:WSM opened at $71.36 on Friday. The firm has a market capitalization of $5.01 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.79 and a beta of 0.74. Williams-Sonoma, Inc. has a 12-month low of $44.01 and a 12-month high of $73.99. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.25.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 27.10% and a net margin of 4.93%. Williams-Sonoma’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. equities research analysts predict that Williams-Sonoma, Inc. will post 4.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, July 20th were issued a $0.43 dividend. The ex-dividend date was Thursday, July 19th. This represents a $1.72 dividend on an annualized basis and a yield of 2.41%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.

In other Williams-Sonoma news, Director Anthony Greener sold 5,000 shares of Williams-Sonoma stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $60.51, for a total transaction of $302,550.00. Following the completion of the sale, the director now directly owns 33,218 shares of the company’s stock, valued at approximately $2,010,021.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Janet Hayes sold 4,895 shares of Williams-Sonoma stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $61.34, for a total value of $300,259.30. Following the sale, the insider now directly owns 59,265 shares of the company’s stock, valued at $3,635,315.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,243 shares of company stock valued at $2,440,669. 1.00% of the stock is currently owned by company insiders.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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

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