Williams-Sonoma, Inc. (WSM) Shares Bought by MML Investors Services LLC
MML Investors Services LLC grew its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 11.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,450 shares of the specialty retailer’s stock after purchasing an additional 760 shares during the period. MML Investors Services LLC’s holdings in Williams-Sonoma were worth $361,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. ETRADE Capital Management LLC acquired a new position in shares of Williams-Sonoma during the second quarter valued at $299,000. FMR LLC increased its holdings 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 purchasing an additional 1,435,014 shares during the period. Quantum Capital Management increased its holdings in shares of Williams-Sonoma by 36.9% during the second quarter. Quantum Capital Management now owns 143,919 shares of the specialty retailer’s stock valued at $6,980,000 after purchasing an additional 38,764 shares during the period. Northern Trust Corp increased its holdings in shares of Williams-Sonoma by 1.6% during the second quarter. Northern Trust Corp now owns 737,817 shares of the specialty retailer’s stock valued at $35,783,000 after purchasing an additional 11,949 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Williams-Sonoma by 4,918.3% during the second quarter. D.A. Davidson & CO. now owns 171,577 shares of the specialty retailer’s stock valued at $8,321,000 after purchasing an additional 168,158 shares during the period. 97.89% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on WSM shares. BidaskClub lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Deutsche Bank AG lowered their target price on Williams-Sonoma from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, August 24th. Zacks Investment Research lowered Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Loop Capital reaffirmed a “hold” rating and set a $54.00 target price on shares of Williams-Sonoma in a report on Monday, August 21st. Finally, Jefferies Group LLC lowered their target price on Williams-Sonoma from $54.00 to $49.00 and set a “hold” rating on the stock in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. Williams-Sonoma presently has a consensus rating of “Hold” and a consensus target price of $51.65.
Shares of Williams-Sonoma, Inc. (WSM) opened at 49.86 on Friday. Williams-Sonoma, Inc. has a 12 month low of $42.68 and a 12 month high of $56.94. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.32 and a beta of 0.85. The firm’s 50-day moving average price is $46.22 and its 200-day moving average price is $48.79.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.13%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.96%.
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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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