Prudential Financial Inc. raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,989 shares of the specialty retailer’s stock after purchasing an additional 5,210 shares during the quarter. Prudential Financial Inc. owned 0.07% of Williams-Sonoma worth $3,379,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WSM. Psagot Investment House Ltd. acquired a new stake in shares of Williams-Sonoma in the 2nd quarter valued at about $25,000. Penserra Capital Management LLC acquired a new stake in shares of Williams-Sonoma in the 1st quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new stake in shares of Williams-Sonoma in the 2nd quarter valued at about $43,000. Marshall Wace North America L.P. acquired a new stake in shares of Williams-Sonoma in the 1st quarter valued at about $56,000. Finally, Twin Tree Management LP acquired a new stake in shares of Williams-Sonoma in the 1st quarter valued at about $87,000.
In related news, insider Marta Benson sold 5,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the transaction, the insider now owns 17,061 shares in the company, valued at $1,050,957.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex Bellos sold 4,820 shares of Williams-Sonoma stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $65.25, for a total value of $314,505.00. Following the transaction, the insider now owns 8,177 shares of the company’s stock, valued at approximately $533,549.25. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.04. The company 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%. Williams-Sonoma’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Sell-side analysts expect that Williams-Sonoma, Inc. will post 4.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, July 26th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, July 25th. Williams-Sonoma’s payout ratio is currently 43.05%.
WSM has been the topic of several recent research reports. UBS Group lifted their price target on Williams-Sonoma from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Gordon Haskett raised Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 price target on the stock in a research note on Thursday, June 13th. KeyCorp reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th. Royal Bank of Canada lifted their price target on Williams-Sonoma from $61.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, August 29th. Finally, Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Friday, June 28th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.67.
Williams-Sonoma Company Profile
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.
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