Williams-Sonoma, Inc. (WSM) Position Trimmed by Bessemer Group Inc.
Bessemer Group Inc. reduced its position in Williams-Sonoma, Inc. (NYSE:WSM) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,475 shares of the specialty retailer’s stock after selling 1,830 shares during the quarter. Bessemer Group Inc.’s holdings in Williams-Sonoma were worth $1,271,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new position in shares of Williams-Sonoma during the second quarter worth approximately $395,000. Alpha Windward LLC increased its position in shares of Williams-Sonoma by 23,087.0% during the third quarter. Alpha Windward LLC now owns 10,666 shares of the specialty retailer’s stock worth $532,000 after acquiring an additional 10,620 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Williams-Sonoma during the second quarter worth approximately $2,261,000. Oxbow Advisors LLC increased its position in shares of Williams-Sonoma by 3.7% during the third quarter. Oxbow Advisors LLC now owns 35,312 shares of the specialty retailer’s stock worth $1,761,000 after acquiring an additional 1,270 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Williams-Sonoma by 2.3% during the second quarter. Principal Financial Group Inc. now owns 342,558 shares of the specialty retailer’s stock worth $16,614,000 after acquiring an additional 7,818 shares during the period. 98.93% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Robert W. Baird set a $48.00 target price on shares of Williams-Sonoma and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “sell” rating in a research report on Wednesday. TheStreet raised shares of Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Credit Suisse Group lowered shares of Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of Williams-Sonoma in a report on Thursday, September 28th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $52.18.
Shares of Williams-Sonoma, Inc. (WSM) opened at $50.78 on Thursday. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $56.94. The company has a market cap of $4,416.33, a price-to-earnings ratio of 14.88, a PEG ratio of 1.10 and a beta of 0.91.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. research analysts expect that Williams-Sonoma, Inc. will post 3.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.07%. Williams-Sonoma’s payout ratio is currently 44.96%.
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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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