New York State Common Retirement Fund lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 41.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,800 shares of the specialty retailer’s stock after selling 139,486 shares during the period. New York State Common Retirement Fund owned 0.23% of Williams-Sonoma worth $9,663,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Lingohr & Partner Asset Management GmbH increased its holdings in shares of Williams-Sonoma by 4.9% during the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 29,969 shares of the specialty retailer’s stock worth $1,561,000 after acquiring an additional 1,400 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Williams-Sonoma by 25.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 54,911 shares of the specialty retailer’s stock worth $2,738,000 after acquiring an additional 11,087 shares during the last quarter. Grimes & Company Inc. increased its holdings in shares of Williams-Sonoma by 1.3% during the 3rd quarter. Grimes & Company Inc. now owns 128,819 shares of the specialty retailer’s stock worth $6,423,000 after acquiring an additional 1,715 shares during the last quarter. FDx Advisors Inc. increased its holdings in shares of Williams-Sonoma by 17.9% during the 3rd quarter. FDx Advisors Inc. now owns 18,153 shares of the specialty retailer’s stock worth $905,000 after acquiring an additional 2,753 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Williams-Sonoma by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 343,847 shares of the specialty retailer’s stock worth $17,144,000 after acquiring an additional 1,289 shares during the last quarter. Institutional investors own 96.62% of the company’s stock.
A number of research analysts recently weighed in on the company. Oppenheimer reissued a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Gordon Haskett lowered Williams-Sonoma from a “hold” rating to a “reduce” rating in a report on Friday, November 17th. JPMorgan Chase & Co. lowered Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 target price on the stock. in a report on Friday, November 17th. Morgan Stanley assumed coverage on Williams-Sonoma in a report on Friday, November 17th. They set a “hold” rating and a $48.00 target price on the stock. Finally, Bank of America decreased their target price on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, November 17th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and an average price target of $51.25.
Shares of Williams-Sonoma, Inc. (WSM) traded up $1.04 during midday trading on Friday, reaching $55.49. The company’s stock had a trading volume of 1,302,743 shares, compared to its average volume of 1,209,311. The firm has a market cap of $4,670.00, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $55.89.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. sell-side analysts forecast that Williams-Sonoma, Inc. will post 3.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, January 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.81%. Williams-Sonoma’s payout ratio is 44.19%.
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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