BNP Paribas Arbitrage SA Has $2.13 Million Stake in Williams-Sonoma, Inc. (WSM)
BNP Paribas Arbitrage SA increased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 43.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,824 shares of the specialty retailer’s stock after buying an additional 13,222 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of Williams-Sonoma worth $2,125,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock worth $113,000 after buying an additional 217 shares in the last quarter. First Interstate Bank boosted its position in shares of Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after buying an additional 250 shares in the last quarter. Invictus RG bought a new position in shares of Williams-Sonoma during the first quarter worth $122,000. Finally, Foresters Investment Management Company Inc. bought a new position in shares of Williams-Sonoma during the first quarter worth $134,000. 96.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Williams-Sonoma, Inc. (WSM) opened at 46.00 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 $3.94 billion, a price-to-earnings ratio of 13.21 and a beta of 0.89. The company has a 50-day moving average price of $45.34 and a 200 day moving average price of $48.85.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, July 21st were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.56 annualized dividend and a yield of 3.39%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.
A number of equities analysts recently weighed in on the company. Gordon Haskett assumed coverage on Williams-Sonoma in a research note on Tuesday, May 9th. They issued an “accumulate” rating and a $61.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price target on shares of Williams-Sonoma in a research note on Thursday, May 25th. ValuEngine cut Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BTIG Research reissued a “sell” rating and issued a $41.00 price target on shares of Williams-Sonoma in a research note on Monday, August 21st. Finally, Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and an average target price of $51.92.
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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