Fisher Asset Management LLC maintained its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,826 shares of the specialty retailer’s stock at the end of the second quarter. Fisher Asset Management LLC’s holdings in Williams-Sonoma were worth $1,398,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after buying an additional 9,047,189 shares during the period. Norges Bank purchased a new position in shares of Williams-Sonoma during the fourth quarter valued at approximately $36,265,000. BTIM Corp. purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $29,472,000. Vanguard Group Inc. boosted its position in shares of Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after buying an additional 506,305 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Williams-Sonoma by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 3,798,275 shares of the specialty retailer’s stock valued at $203,663,000 after buying an additional 484,775 shares during the period. 95.52% of the stock is owned by hedge funds and other institutional investors.
Williams-Sonoma, Inc. (WSM) traded down 2.07% on Friday, hitting $43.57. The company’s stock had a trading volume of 2,265,280 shares. Williams-Sonoma, Inc. has a 12 month low of $43.31 and a 12 month high of $57.40. The stock has a market cap of $3.77 billion, a PE ratio of 12.69 and a beta of 0.89. The firm has a 50 day moving average of $46.02 and a 200-day moving average of $49.04.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts expect that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.58%. Williams-Sonoma’s dividend payout ratio is presently 45.35%.
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WSM has been the subject of a number of analyst reports. BidaskClub cut Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Gordon Haskett started coverage on Williams-Sonoma in a report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price objective for the company. Credit Suisse Group restated a “hold” rating and issued a $44.00 target price on shares of Williams-Sonoma in a research note on Tuesday, May 23rd. Jefferies Group LLC restated a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research note on Thursday, May 25th. Finally, Telsey Advisory Group raised their target price on Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $56.68.
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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