Williams-Sonoma, Inc. (WSM) Position Maintained by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. continued to hold its position in Williams-Sonoma, Inc. (NYSE:WSM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,824 shares of the specialty retailer’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in Williams-Sonoma were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of WSM. BlackRock Inc. lifted its holdings in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock worth $489,461,000 after buying an additional 9,047,189 shares during the period. Janus Henderson Group PLC lifted its holdings in Williams-Sonoma by 1,109.6% in the second quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock worth $170,595,000 after buying an additional 3,226,625 shares during the period. FMR LLC lifted its holdings in Williams-Sonoma by 115.4% in the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock worth $129,904,000 after buying an additional 1,435,014 shares during the period. Kiltearn Partners LLP purchased a new stake in Williams-Sonoma in the second quarter worth about $38,846,000. Finally, Vanguard Group Inc. lifted its holdings in Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock worth $354,832,000 after buying an additional 506,305 shares during the period. Institutional investors and hedge funds own 97.89% of the company’s stock.
WSM has been the subject of several research analyst reports. BidaskClub lowered shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, August 8th. Loop Capital restated a “hold” rating and issued a $54.00 price objective on shares of Williams-Sonoma in a report on Monday, August 21st. BTIG Research restated a “sell” rating and issued a $41.00 price objective on shares of Williams-Sonoma in a report on Monday, August 21st. Finally, Bank of America Corporation restated an “underperform” rating and issued a $40.00 price objective (down from $44.00) on shares of Williams-Sonoma in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.18.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded up 2.27% during midday trading on Friday, hitting $50.00. 2,348,185 shares of the company traded hands. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94. The company has a 50-day moving average price of $48.67 and a 200-day moving average price of $48.99. The stock has a market capitalization of $4.26 billion, a P/E ratio of 14.36 and a beta of 0.85.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. Williams-Sonoma’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that Williams-Sonoma, Inc. will post $3.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.12%. Williams-Sonoma’s payout ratio is 44.96%.
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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