NEXT Financial Group Inc boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,017 shares of the specialty retailer’s stock after buying an additional 747 shares during the period. NEXT Financial Group Inc’s holdings in Williams-Sonoma were worth $899,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in WSM. Norges Bank bought a new position in shares of Williams-Sonoma in the fourth quarter worth $85,456,000. Select Equity Group L.P. boosted its stake in Williams-Sonoma by 40.4% during the fourth quarter. Select Equity Group L.P. now owns 2,458,002 shares of the specialty retailer’s stock valued at $250,323,000 after buying an additional 707,625 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Williams-Sonoma by 248.5% during the fourth quarter. Morgan Stanley now owns 320,243 shares of the specialty retailer’s stock valued at $32,613,000 after purchasing an additional 228,352 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Williams-Sonoma by 24.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,021,215 shares of the specialty retailer’s stock valued at $104,001,000 after purchasing an additional 202,615 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Williams-Sonoma during the fourth quarter valued at $19,686,000. 98.58% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Williams-Sonoma from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 23rd. Citigroup initiated coverage on Williams-Sonoma in a report on Monday, March 15th. They set a “neutral” rating and a $127.00 price objective on the stock. Royal Bank of Canada raised their target price on Williams-Sonoma from $135.00 to $158.00 and gave the company a “sector perform” rating in a report on Wednesday, March 24th. Cowen began coverage on Williams-Sonoma in a report on Wednesday, April 14th. They issued an “outperform” rating and a $214.00 target price on the stock. Finally, Oppenheimer reissued a “hold” rating and set a $136.00 price objective on shares of Williams-Sonoma in a report on Thursday, March 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $146.25.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Tuesday, March 16th. The specialty retailer reported $3.95 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.73. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.18 billion. Williams-Sonoma had a return on equity of 36.53% and a net margin of 6.83%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 EPS. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 6.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, April 23rd will be given a dividend of $0.59 per share. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, April 22nd. Williams-Sonoma’s dividend payout ratio is currently 43.80%.
In related news, insider Ryan Ross sold 4,420 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $180.00, for a total transaction of $795,600.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at $1,954,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Julie Whalen sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $172.42, for a total value of $517,260.00. Following the sale, the chief financial officer now directly owns 55,510 shares of the company’s stock, valued at approximately $9,571,034.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,420 shares of company stock valued at $7,007,810. 1.50% of the stock is owned by corporate insiders.
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as 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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