Wheatland Advisors Inc. Has $238,000 Stake in Williams-Sonoma, Inc. (NYSE:WSM)
Wheatland Advisors Inc. held its position in Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, Holdings Channel reports. The firm owned 4,900 shares of the specialty retailer’s stock at the end of the second quarter. Wheatland Advisors Inc.’s holdings in Williams-Sonoma were worth $238,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. 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 worth $112,000 after buying an additional 76 shares in the last quarter. IFP Advisors Inc boosted its position in 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 in the last quarter. First Interstate Bank boosted its position in 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 in the last quarter. Invictus RG acquired a new position in Williams-Sonoma during the first quarter worth $122,000. Finally, Foresters Investment Management Company Inc. acquired a new position in Williams-Sonoma during the first quarter worth $134,000. Institutional investors and hedge funds own 97.09% of the company’s stock.
Williams-Sonoma, Inc. (WSM) opened at 46.61 on Thursday. Williams-Sonoma, Inc. has a 52 week low of $43.96 and a 52 week high of $57.40. The stock has a market cap of $4.04 billion, a PE ratio of 13.58 and a beta of 0.89. The stock has a 50 day moving average price of $46.46 and a 200 day moving average price of $49.20.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s payout ratio is 45.35%.
A number of research firms have recently weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price target on Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday. BidaskClub upgraded Williams-Sonoma from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a report on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.82.
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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