Virginia Retirement Systems ET AL Has $1.34 Million Position in Williams-Sonoma, Inc. (WSM)
Virginia Retirement Systems ET AL increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 145.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 27,700 shares of the specialty retailer’s stock after buying an additional 16,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in Williams-Sonoma were worth $1,343,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Creative Planning raised 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 valued at $112,000 after buying an additional 76 shares during the last quarter. US Bancorp DE raised its position in shares of Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock valued at $1,033,000 after buying an additional 82 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock valued at $1,596,000 after buying an additional 100 shares during the last quarter. Gofen & Glossberg LLC IL raised its position in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 120 shares during the last quarter. Finally, Cribstone Capital Management LLC raised its position in shares of Williams-Sonoma by 0.6% in the second quarter. Cribstone Capital Management LLC now owns 22,609 shares of the specialty retailer’s stock valued at $1,097,000 after buying an additional 130 shares during the last quarter. 96.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) opened at 46.50 on Friday. The firm has a 50 day moving average price of $45.35 and a 200-day moving average price of $48.85. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 13.35 and a beta of 0.85. 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 the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, July 21st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.35%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.96%.
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WSM has been the topic of several recent analyst reports. Credit Suisse Group set a $44.00 price target on Williams-Sonoma and gave the company a “hold” rating in a research note on Thursday, August 24th. Goldman Sachs Group, Inc. (The) decreased their price target on Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, August 24th. Gordon Haskett initiated 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. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a research note on Friday, May 26th. Finally, BidaskClub lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and a consensus price target 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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