Williams-Sonoma, Inc. (WSM) Shares Bought by American Century Companies Inc.
American Century Companies Inc. raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 411.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,825 shares of the specialty retailer’s stock after buying an additional 513,822 shares during the period. American Century Companies Inc. owned 0.75% of Williams-Sonoma worth $31,852,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of WSM. BlackRock Inc. raised its stake in shares of Williams-Sonoma by 4.9% during the second quarter. BlackRock Inc. now owns 9,572,681 shares of the specialty retailer’s stock valued at $464,276,000 after acquiring an additional 444,339 shares during the last quarter. Blackhill Capital Inc. raised its stake in shares of Williams-Sonoma by 0.7% during the second quarter. Blackhill Capital Inc. now owns 4,026,866 shares of the specialty retailer’s stock valued at $195,303,000 after acquiring an additional 29,065 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Williams-Sonoma by 1,109.6% during the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock valued at $170,595,000 after acquiring an additional 3,226,625 shares during the last quarter. State Street Corp raised its stake in shares of Williams-Sonoma by 0.9% during the second quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock valued at $157,297,000 after acquiring an additional 28,837 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Williams-Sonoma by 115.4% during the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after acquiring an additional 1,435,014 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $48.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a research note on Tuesday, October 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $62.00 price target on shares of Williams-Sonoma in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Stifel Nicolaus assumed coverage on shares of Williams-Sonoma in a research note on Thursday, October 12th. They set a “hold” rating and a $54.00 price target for the company. Finally, Credit Suisse Group downgraded shares of Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price target for the company. in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.18.
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Williams-Sonoma, Inc. (NYSE WSM) opened at $51.35 on Tuesday. The stock has a market cap of $4,309.14, a PE ratio of 14.52, a PEG ratio of 1.08 and a beta of 0.91. Williams-Sonoma, Inc. has a twelve month low of $42.68 and a twelve month high of $56.94.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. equities research analysts expect that Williams-Sonoma, Inc. will post 3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
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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