Williams-Sonoma, Inc. (WSM) Shares Sold by SFE Investment Counsel
SFE Investment Counsel cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,875 shares of the specialty retailer’s stock after selling 4,887 shares during the period. Williams-Sonoma makes up 1.7% of SFE Investment Counsel’s portfolio, making the stock its 23rd largest position. SFE Investment Counsel’s holdings in Williams-Sonoma were worth $4,213,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after buying an additional 9,047,189 shares during the period. BTIM Corp. purchased a new stake in shares of Williams-Sonoma during the first quarter valued at $29,472,000. Vanguard Group Inc. raised its stake in shares of Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after buying an additional 506,305 shares during the period. First Trust Advisors LP raised its stake in shares of Williams-Sonoma by 369.9% in the second quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock valued at $30,323,000 after buying an additional 492,159 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Williams-Sonoma by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 3,798,275 shares of the specialty retailer’s stock valued at $203,663,000 after buying an additional 484,775 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.
Williams-Sonoma, Inc. (NYSE WSM) opened at 46.29 on Tuesday. Williams-Sonoma, Inc. has a 12 month low of $43.96 and a 12 month high of $57.40. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.48 and a beta of 0.89. The firm has a 50-day moving average price of $46.35 and a 200 day moving average price of $49.13. Williams-Sonoma also was the recipient of unusually large options trading on Monday. Traders acquired 30,089 put options on the stock. This represents an increase of 1,511% compared to the typical daily volume of 1,868 put options.
Williams-Sonoma (NYSE:WSM) last posted 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. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities analysts forecast that Williams-Sonoma, Inc. will post $3.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 annualized dividend and a yield of 3.37%. Williams-Sonoma’s dividend payout ratio is presently 45.35%.
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Several analysts have recently weighed in on WSM shares. BidaskClub lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Gordon Haskett initiated coverage on Williams-Sonoma in a report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 target price for the company. Credit Suisse Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Williams-Sonoma in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of Williams-Sonoma in a report on Thursday, May 25th. Finally, Telsey Advisory Group upped their target price on Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price 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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