Pacific Heights Asset Management LLC decreased its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,000 shares of the specialty retailer’s stock after selling 2,000 shares during the period. Pacific Heights Asset Management LLC owned approximately 0.15% of Williams-Sonoma worth $6,450,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cribstone Capital Management LLC raised its position in shares of Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock valued at $1,224,000 after buying an additional 70 shares in the last quarter. Creative Planning raised its position in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares in the last quarter. US Bancorp DE raised its position in shares of Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock valued at $1,033,000 after buying an additional 82 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock valued at $1,596,000 after buying an additional 100 shares in the last quarter. Finally, Gofen & Glossberg LLC IL raised its position in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 120 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma, Inc. (WSM) traded down 0.1557% during mid-day trading on Wednesday, reaching $45.0198. 367,182 shares of the company were exchanged. The company has a market capitalization of $3.90 billion, a PE ratio of 13.1138 and a beta of 0.90. The stock has a 50-day moving average price of $47.27 and a 200 day moving average price of $49.55. Williams-Sonoma, Inc. has a one year low of $43.96 and a one year high of $57.40.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. Williams-Sonoma’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Analysts predict that Williams-Sonoma, Inc. will post $3.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.46%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is currently 45.35%.
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A number of research firms have weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the company a “buy” rating in a research note on Saturday, June 10th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, May 25th. Telsey Advisory Group raised their price objective on shares of Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, May 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Williams-Sonoma in a research note on Thursday, May 25th. Finally, ValuEngine lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $56.82.
About Williams-Sonoma
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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