Aperio Group LLC Decreases Position in Williams-Sonoma Inc. (WSM)
Aperio Group LLC decreased its stake in shares of Williams-Sonoma Inc. (NYSE:WSM) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,853 shares of the company’s stock after selling 6,543 shares during the period. Aperio Group LLC owned approximately 0.12% of Williams-Sonoma worth $5,305,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Williams-Sonoma by 2.2% in the second quarter. Vanguard Group Inc. now owns 5,819,191 shares of the company’s stock valued at $303,353,000 after buying an additional 123,732 shares during the period. Blackhill Capital Inc. raised its position in Williams-Sonoma by 0.3% in the second quarter. Blackhill Capital Inc. now owns 4,974,375 shares of the company’s stock valued at $259,314,000 after buying an additional 12,776 shares during the last quarter. HS Management Partners LLC raised its position in Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock valued at $162,248,000 after buying an additional 531,800 shares during the last quarter. BlackRock Fund Advisors raised its position in Williams-Sonoma by 3.8% in the second quarter. BlackRock Fund Advisors now owns 2,943,173 shares of the company’s stock valued at $153,428,000 after buying an additional 108,236 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Williams-Sonoma by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,560,477 shares of the company’s stock valued at $133,478,000 after buying an additional 26,060 shares during the last quarter. 99.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded up 0.11% during trading on Tuesday, reaching $54.69. The company’s stock had a trading volume of 1,174,517 shares. The stock has a 50-day moving average of $49.41 and a 200-day moving average of $51.45. The stock has a market cap of $4.81 billion, a P/E ratio of 16.27 and a beta of 0.84. Williams-Sonoma Inc. has a 52-week low of $45.96 and a 52-week high of $64.57.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company earned $1.25 million during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. Williams-Sonoma’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. Analysts predict that Williams-Sonoma Inc. will post $3.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is presently 44.18%.
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Several equities analysts have weighed in on WSM shares. Zacks Investment Research raised Williams-Sonoma from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Williams-Sonoma in a research note on Sunday, October 2nd. Wedbush reissued a “neutral” rating and issued a $53.00 target price on shares of Williams-Sonoma in a research note on Monday, October 10th. Barclays PLC reaffirmed an “underweight” rating and set a $45.00 price target on shares of Williams-Sonoma in a research report on Tuesday, August 23rd. Finally, Vetr lowered Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price target on the stock. in a research report on Tuesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.16.
In other news, insider Janet Hayes sold 15,027 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total value of $747,442.98. Following the completion of the transaction, the insider now directly owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James W. Jr. Brett sold 16,355 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $54.49, for a total value of $891,183.95. Following the completion of the transaction, the insider now directly owns 24,978 shares of the company’s stock, valued at $1,361,051.22. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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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