Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 45.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 248,300 shares of the specialty retailer’s stock after selling 202,851 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.31% of Williams-Sonoma worth $16,318,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Williams-Sonoma by 6.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 39,846 shares of the specialty retailer’s stock worth $2,444,000 after purchasing an additional 2,537 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of Williams-Sonoma during the second quarter worth approximately $125,338,000. Advisors Asset Management Inc. increased its holdings in shares of Williams-Sonoma by 79.7% during the second quarter. Advisors Asset Management Inc. now owns 128,863 shares of the specialty retailer’s stock worth $4,432,000 after purchasing an additional 57,154 shares during the period. Chemical Bank increased its holdings in shares of Williams-Sonoma by 21.5% during the second quarter. Chemical Bank now owns 6,057 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 1,070 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Williams-Sonoma during the first quarter worth approximately $2,101,000.
In other Williams-Sonoma news, EVP David Randolph King sold 24,323 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the sale, the executive vice president now owns 17,589 shares in the company, valued at $1,211,530.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Janet Hayes sold 14,376 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the sale, the insider now owns 44,889 shares in the company, valued at approximately $3,056,940.90. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Shares of NYSE:WSM opened at $64.00 on Friday. Williams-Sonoma, Inc. has a 1 year low of $44.01 and a 1 year high of $73.99. The company has a current ratio of 1.56, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.05 billion, a P/E ratio of 17.73, a PEG ratio of 1.85 and a beta of 0.95.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Williams-Sonoma, Inc. will post 4.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be given a $0.43 dividend. The ex-dividend date is Thursday, October 25th. This represents a $1.72 dividend on an annualized basis and a yield of 2.69%. Williams-Sonoma’s dividend payout ratio is currently 47.65%.
Several brokerages have recently commented on WSM. Citigroup raised their target price on shares of Williams-Sonoma from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 23rd. Stifel Nicolaus lifted their price objective on shares of Williams-Sonoma from $58.00 to $66.00 and gave the company a “hold” rating in a research note on Thursday, August 23rd. Morgan Stanley lifted their price objective on shares of Williams-Sonoma from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Credit Suisse Group set a $55.00 price objective on shares of Williams-Sonoma and gave the company a “sell” rating in a research note on Thursday, August 23rd. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.23.
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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