California Public Employees Retirement System boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 18.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,805 shares of the specialty retailer’s stock after purchasing an additional 27,677 shares during the period. California Public Employees Retirement System owned about 0.23% of Williams-Sonoma worth $11,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of WSM. Shulman DeMeo Asset Management LLC grew its stake in shares of Williams-Sonoma by 1.8% in the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 9,128 shares of the specialty retailer’s stock valued at $621,000 after buying an additional 164 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Williams-Sonoma by 4.4% in the 3rd quarter. State of Tennessee Treasury Department now owns 52,925 shares of the specialty retailer’s stock valued at $3,598,000 after buying an additional 2,220 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Williams-Sonoma in the 3rd quarter worth approximately $202,000. Chicago Equity Partners LLC acquired a new position in shares of Williams-Sonoma in the 3rd quarter worth approximately $706,000. Finally, B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of Williams-Sonoma by 2.1% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 47,686 shares of the specialty retailer’s stock worth $3,242,000 after acquiring an additional 974 shares during the last quarter. Institutional investors own 99.21% of the company’s stock.
Shares of WSM stock traded up $0.57 during mid-day trading on Wednesday, hitting $68.04. The stock had a trading volume of 735,869 shares, compared to its average volume of 1,419,184. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.29 and a quick ratio of 0.31. Williams-Sonoma, Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $74.15. The company’s 50-day simple moving average is $69.34 and its 200-day simple moving average is $65.09. The firm has a market cap of $5.41 billion, a PE ratio of 15.26, a PEG ratio of 1.54 and a beta of 0.86.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 21st. The specialty retailer reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Williams-Sonoma had a net margin of 5.86% and a return on equity of 33.81%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. On average, analysts expect that Williams-Sonoma, Inc. will post 4.74 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, October 25th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.82%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.05%.
In other news, CEO Laura Alber sold 35,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $70.57, for a total transaction of $2,469,950.00. Following the transaction, the chief executive officer now directly owns 411,861 shares of the company’s stock, valued at $29,065,030.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex Bellos sold 4,820 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $65.25, for a total transaction of $314,505.00. Following the completion of the sale, the insider now directly owns 8,177 shares in the company, valued at $533,549.25. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several brokerages have recently commented on WSM. Royal Bank of Canada upped their price objective on shares of Williams-Sonoma from $61.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, August 29th. Wedbush restated a “hold” rating and issued a $67.00 price objective on shares of Williams-Sonoma in a report on Friday, November 22nd. Argus upped their price objective on shares of Williams-Sonoma from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Monday. They noted that the move was a valuation call. Wolfe Research started coverage on shares of Williams-Sonoma in a report on Tuesday, October 8th. They set a “hold” rating and a $76.00 target price on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 29th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $66.44.
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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