Smith Graham & Co. Investment Advisors LP lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,880 shares of the specialty retailer’s stock after selling 6,950 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in Williams-Sonoma were worth $5,430,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of WSM. Marshall Wace North America L.P. bought a new stake in Williams-Sonoma during the 1st quarter valued at approximately $56,000. Amundi Pioneer Asset Management Inc. raised its stake in Williams-Sonoma by 5.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 37,903 shares of the specialty retailer’s stock valued at $2,133,000 after purchasing an additional 1,839 shares during the period. Signature Wealth Management Group raised its stake in Williams-Sonoma by 0.8% during the 2nd quarter. Signature Wealth Management Group now owns 54,331 shares of the specialty retailer’s stock valued at $3,523,000 after purchasing an additional 442 shares during the period. Smithbridge Asset Management Inc. DE raised its stake in Williams-Sonoma by 1.5% during the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 52,645 shares of the specialty retailer’s stock valued at $3,422,000 after purchasing an additional 795 shares during the period. Finally, Ingalls & Snyder LLC raised its stake in Williams-Sonoma by 31.6% during the 2nd quarter. Ingalls & Snyder LLC now owns 19,968 shares of the specialty retailer’s stock valued at $1,298,000 after purchasing an additional 4,796 shares during the period.
Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price target on Williams-Sonoma from $61.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, August 29th. Goldman Sachs Group set a $76.00 price target on Williams-Sonoma and gave the company a “buy” rating in a report on Monday, August 26th. UBS Group raised their price target on Williams-Sonoma from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Raymond James restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their price target on Williams-Sonoma from $55.00 to $64.00 and gave the company an “underweight” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and an average target price of $63.32.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. As a group, analysts anticipate that Williams-Sonoma, Inc. will post 4.75 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, October 25th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, October 24th. Williams-Sonoma’s dividend payout ratio (DPR) is 43.05%.
In other news, insider Alex Bellos sold 4,820 shares of Williams-Sonoma stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares in the company, valued at approximately $533,549.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by insiders.
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
Featured Article: Understanding debt-to-equity ratio in fundamental analysis
Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM).
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.