Williams-Sonoma, Inc. (WSM) Position Raised by Teachers Advisors LLC
Teachers Advisors LLC boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 153.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,129 shares of the specialty retailer’s stock after purchasing an additional 142,281 shares during the period. Teachers Advisors LLC owned 0.27% of Williams-Sonoma worth $11,404,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in WSM. US Bancorp DE raised its position in Williams-Sonoma by 0.4% in the 2nd quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock valued at $1,033,000 after purchasing an additional 82 shares during the last quarter. State Treasurer State of Michigan boosted its stake in 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 worth $1,596,000 after purchasing an additional 100 shares in the last quarter. Cribstone Capital Management LLC boosted its stake in Williams-Sonoma by 0.6% in the second quarter. Cribstone Capital Management LLC now owns 22,609 shares of the specialty retailer’s stock worth $1,097,000 after purchasing an additional 130 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Williams-Sonoma by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 48,421 shares of the specialty retailer’s stock worth $2,346,000 after purchasing an additional 158 shares in the last quarter. Finally, Cascade Investment Advisors Inc. boosted its stake in Williams-Sonoma by 0.7% in the second quarter. Cascade Investment Advisors Inc. now owns 28,990 shares of the specialty retailer’s stock worth $1,406,000 after purchasing an additional 200 shares in the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Williams-Sonoma, Inc. (NYSE WSM) opened at 49.86 on Monday. The firm has a market cap of $4.24 billion, a P/E ratio of 14.32 and a beta of 0.85. The company’s 50-day moving average price is $46.22 and its 200 day moving average price is $48.79. 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 earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.13%. Williams-Sonoma’s payout ratio is 44.96%.
A number of research analysts recently issued reports on WSM shares. BidaskClub cut Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Deutsche Bank AG decreased their price objective on shares of Williams-Sonoma from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, August 24th. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Telsey Advisory Group raised their price objective on shares of Williams-Sonoma from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, September 14th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research note on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $51.65.
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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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