Cubist Systematic Strategies LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,040 shares of the specialty retailer’s stock, valued at approximately $293,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake 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 purchasing an additional 3,226,625 shares in the last quarter. FMR LLC lifted its holdings in Williams-Sonoma by 115.4% during 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 during the second quarter worth $38,846,000. Vanguard Group Inc. lifted its holdings in Williams-Sonoma by 8.3% during 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. Finally, First Trust Advisors LP lifted its holdings in Williams-Sonoma by 369.9% during the second quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock worth $30,323,000 after buying an additional 492,159 shares during the period. 98.93% of the stock is currently owned by institutional investors.
Williams-Sonoma, Inc. (NYSE WSM) traded up $1.10 during trading on Tuesday, hitting $51.35. 1,973,000 shares of the stock traded hands, compared to its average volume of 1,634,061. The firm has a market capitalization of $4,309.14, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.08 and a beta of 0.91. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. sell-side 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 will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, October 26th. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
Several equities analysts recently issued reports on the company. TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) cut their price target on Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $62.00 price target on shares of Williams-Sonoma in a research note on Tuesday, October 17th. Finally, Morgan Stanley decreased their price target on shares of Williams-Sonoma from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 24th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and an average target price of $52.18.
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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