Williams-Sonoma, Inc. (WSM) Position Raised by State Street Corp

State Street Corp boosted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,243,158 shares of the specialty retailer’s stock after purchasing an additional 28,837 shares during the period. State Street Corp owned about 3.74% of Williams-Sonoma worth $157,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter valued at about $2,261,000. Principal Financial Group Inc. increased its holdings in Williams-Sonoma by 2.3% in the second quarter. Principal Financial Group Inc. now owns 342,558 shares of the specialty retailer’s stock valued at $16,614,000 after buying an additional 7,818 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Williams-Sonoma by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 731,551 shares of the specialty retailer’s stock valued at $35,480,000 after buying an additional 3,612 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Williams-Sonoma in the second quarter valued at about $730,000. Finally, Vanguard Group Inc. increased its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

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A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $60.00 target price (down from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a report on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.18.

Shares of Williams-Sonoma, Inc. (WSM) opened at 51.27 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 14.72 and a beta of 0.85. The stock has a 50 day moving average of $49.23 and a 200 day moving average of $48.96. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $56.94.

Williams-Sonoma (NYSE:WSM) last announced 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. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $0.58 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post $3.60 earnings per share 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 paid a $0.39 dividend. 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 44.96%.

Williams-Sonoma Profile

Williams-Sonoma, Inc is a multi-channel specialty retailer of products fo

Other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter valued at about $2,261,000. Principal Financial Group Inc. increased its holdings in Williams-Sonoma by 2.3% in the second quarter. Principal Financial Group Inc. now owns 342,558 shares of the specialty retailer’s stock valued at $16,614,000 after buying an additional 7,818 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Williams-Sonoma by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 731,551 shares of the specialty retailer’s stock valued at $35,480,000 after buying an additional 3,612 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Williams-Sonoma in the second quarter valued at about $730,000. Finally, Vanguard Group Inc. increased its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/20/williams-sonoma-inc-wsm-position-raised-by-state-street-corp.html.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $60.00 target price (down from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a report on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.18.

Shares of Williams-Sonoma, Inc. (WSM) opened at 51.27 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 14.72 and a beta of 0.85. The stock has a 50 day moving average of $49.23 and a 200 day moving average of $48.96. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $56.94.

Williams-Sonoma (NYSE:WSM) last announced 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. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $0.58 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post $3.60 earnings per share 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 paid a $0.39 dividend. 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 44.96%.

Williams-Sonoma 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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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