Williams-Sonoma, Inc. (WSM) Shares Bought by Aviance Capital Partners LLC
Aviance Capital Partners LLC boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 73.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,163 shares of the specialty retailer’s stock after buying an additional 6,834 shares during the quarter. Aviance Capital Partners LLC’s holdings in Williams-Sonoma were worth $806,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Morningstar Investment Services LLC lifted its position in Williams-Sonoma by 6.2% in the 3rd quarter. Morningstar Investment Services LLC now owns 170,604 shares of the specialty retailer’s stock worth $8,506,000 after buying an additional 9,994 shares in the last quarter. D.A. Davidson & CO. lifted its position in Williams-Sonoma by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 173,737 shares of the specialty retailer’s stock worth $8,662,000 after buying an additional 2,160 shares in the last quarter. Rodgers Brothers Inc. lifted its position in Williams-Sonoma by 15.8% in the 3rd quarter. Rodgers Brothers Inc. now owns 72,310 shares of the specialty retailer’s stock worth $3,605,000 after buying an additional 9,865 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Williams-Sonoma by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 12,791 shares of the specialty retailer’s stock valued at $638,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its holdings in shares of Williams-Sonoma by 97.9% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 28,900 shares of the specialty retailer’s stock valued at $1,441,000 after purchasing an additional 14,300 shares in the last quarter. Institutional investors own 99.33% of the company’s stock.
Williams-Sonoma, Inc. (NYSE WSM) traded up $0.69 during midday trading on Thursday, reaching $46.28. 1,866,600 shares of the company’s stock traded hands, compared to its average volume of 1,718,815. The firm has a market cap of $4,000.00, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. equities research analysts forecast that Williams-Sonoma, Inc. will post 3.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.19%.
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A number of research analysts have recently weighed in on WSM shares. Buckingham Research cut their price target on shares of Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. Credit Suisse Group set a $44.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a report on Thursday, August 24th. Royal Bank Of Canada raised their price target on shares of Williams-Sonoma from $49.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 24th. Bank of America Corporation restated an “underperform” rating and set a $40.00 price target (down previously from $44.00) on shares of Williams-Sonoma in a report on Wednesday, August 23rd. Finally, Robert W. Baird set a $48.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a report on Tuesday, October 31st. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.39.
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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