Benjamin F. Edwards & Company Inc. boosted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,750 shares of the specialty retailer’s stock after buying an additional 250 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Williams-Sonoma were worth $182,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Ledyard National Bank raised its position in Williams-Sonoma by 64,975.0% in the first quarter. Ledyard National Bank now owns 65,075 shares of the specialty retailer’s stock worth $3,489,000 after buying an additional 64,975 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Williams-Sonoma by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 80,310 shares of the specialty retailer’s stock valued at $4,306,000 after buying an additional 1,145 shares in the last quarter. SFE Investment Counsel raised its stake in Williams-Sonoma by 28.4% in the first quarter. SFE Investment Counsel now owns 91,762 shares of the specialty retailer’s stock valued at $4,920,000 after buying an additional 20,291 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Williams-Sonoma by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the specialty retailer’s stock valued at $1,094,000 after buying an additional 300 shares in the last quarter. Finally, Cribstone Capital Management LLC raised its stake in 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. 95.52% of the stock is owned by institutional investors and hedge funds.
Shares of Williams-Sonoma, Inc. (NYSE WSM) opened at 44.22 on Wednesday. Williams-Sonoma, Inc. has a 52 week low of $43.96 and a 52 week high of $57.40. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 12.88 and a beta of 0.89. The firm’s 50-day moving average is $46.25 and its 200-day moving average is $49.11. Williams-Sonoma also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 30,089 put options on the company. This represents an increase of approximately 1,511% compared to the average daily volume of 1,868 put options.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.11 billion during 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts forecast that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 45.35%.
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Several equities research analysts have issued reports on WSM shares. BidaskClub lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Gordon Haskett started coverage on Williams-Sonoma in a research note on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price target for the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $44.00 price target on shares of Williams-Sonoma in a research note on Tuesday, May 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 price objective on shares of Williams-Sonoma in a report on Thursday, May 25th. Finally, Telsey Advisory Group lifted their price objective on Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.82.
Williams-Sonoma Company Profile
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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