SG Americas Securities LLC reduced its holdings in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 24.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,283 shares of the specialty retailer’s stock after selling 1,697 shares during the quarter. SG Americas Securities LLC’s holdings in Williams-Sonoma were worth $766,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of WSM. First Trust Advisors LP boosted its holdings in shares of Williams-Sonoma by 37.4% in the 4th quarter. First Trust Advisors LP now owns 1,135,487 shares of the specialty retailer’s stock worth $192,045,000 after acquiring an additional 309,298 shares in the last quarter. Samlyn Capital LLC acquired a new position in Williams-Sonoma during the 4th quarter worth $49,289,000. Millennium Management LLC lifted its holdings in Williams-Sonoma by 731.1% during the 4th quarter. Millennium Management LLC now owns 323,088 shares of the specialty retailer’s stock worth $54,644,000 after buying an additional 284,213 shares in the last quarter. AGF Investments Inc. lifted its holdings in Williams-Sonoma by 21,059.9% during the 4th quarter. AGF Investments Inc. now owns 211,599 shares of the specialty retailer’s stock worth $35,788,000 after buying an additional 210,599 shares in the last quarter. Finally, State Street Corp lifted its holdings in Williams-Sonoma by 8.4% during the 4th quarter. State Street Corp now owns 2,555,841 shares of the specialty retailer’s stock worth $432,269,000 after buying an additional 198,409 shares in the last quarter. 99.66% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Williams-Sonoma news, CFO Julie Whalen sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the chief financial officer now owns 101,239 shares in the company, valued at approximately $13,161,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Ryan Ross sold 10,400 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.42, for a total transaction of $1,325,168.00. Following the completion of the transaction, the insider now directly owns 21,269 shares in the company, valued at approximately $2,710,095.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Julie Whalen sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the chief financial officer now owns 101,239 shares of the company’s stock, valued at $13,161,070. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Williams-Sonoma Stock Up 0.7%
WSM opened at $145.40 on Tuesday. Williams-Sonoma, Inc. has a 12 month low of $101.58 and a 12 month high of $223.32. The company has a fifty day simple moving average of $126.23 and a 200 day simple moving average of $138.12. The stock has a market cap of $10.00 billion, a P/E ratio of 9.44, a P/E/G ratio of 1.58 and a beta of 1.63.
Williams-Sonoma (NYSE:WSM – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The specialty retailer reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.51. Williams-Sonoma had a net margin of 13.74% and a return on equity of 76.64%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Williams-Sonoma, Inc. will post 16.08 earnings per share for the current fiscal year.
Williams-Sonoma Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, July 21st. Williams-Sonom’s dividend payout ratio (DPR) is currently 20.25%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on WSM shares. StockNews.com downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd. Morgan Stanley reduced their price objective on Williams-Sonoma from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 20th. Gordon Haskett downgraded Williams-Sonoma from an “accumulate” rating to a “reduce” rating in a report on Friday, May 6th. Wells Fargo & Company reduced their price objective on Williams-Sonoma from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, May 26th. Finally, Royal Bank of Canada dropped their target price on shares of Williams-Sonoma from $220.00 to $185.00 in a research report on Thursday, May 26th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $153.69.
About Williams Sonoma
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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