WINTON GROUP Ltd purchased a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 167,536 shares of the specialty retailer’s stock, valued at approximately $11,010,000. WINTON GROUP Ltd owned 0.21% of Williams-Sonoma at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Covenant Asset Management LLC raised its position in Williams-Sonoma by 21.9% in the third quarter. Covenant Asset Management LLC now owns 4,558 shares of the specialty retailer’s stock worth $300,000 after acquiring an additional 820 shares during the period. Bank of Stockton raised its position in Williams-Sonoma by 19.5% in the third quarter. Bank of Stockton now owns 5,400 shares of the specialty retailer’s stock worth $354,000 after acquiring an additional 880 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Williams-Sonoma by 7.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,281 shares of the specialty retailer’s stock worth $939,000 after acquiring an additional 958 shares during the period. Marathon Asset Management LLP increased its stake in shares of Williams-Sonoma by 0.3% in the second quarter. Marathon Asset Management LLP now owns 367,512 shares of the specialty retailer’s stock worth $22,558,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Williams-Sonoma by 9.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 11,660 shares of the specialty retailer’s stock worth $716,000 after purchasing an additional 1,035 shares in the last quarter.
WSM has been the subject of a number of analyst reports. Citigroup increased their price objective on shares of Williams-Sonoma from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 23rd. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Credit Suisse Group set a $55.00 price objective on shares of Williams-Sonoma and gave the stock a “sell” rating in a research note on Monday, November 5th. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma to $67.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. Finally, Morgan Stanley increased their price objective on shares of Williams-Sonoma from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 23rd. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and a consensus target price of $59.23.
In related news, insider Janet Hayes sold 14,376 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 44,889 shares of the company’s stock, valued at $3,056,940.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Randolph King sold 24,323 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $68.88, for a total transaction of $1,675,368.24. Following the transaction, the executive vice president now directly owns 17,589 shares of the company’s stock, valued at $1,211,530.32. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
WSM opened at $64.00 on Friday. The firm has a market cap of $5.05 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.85 and a beta of 0.95. Williams-Sonoma, Inc. has a fifty-two week low of $44.01 and a fifty-two week high of $73.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 0.40.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. Williams-Sonoma’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. As a group, research analysts predict that Williams-Sonoma, Inc. will post 4.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, October 26th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $1.72 annualized dividend and a yield of 2.69%. Williams-Sonoma’s payout ratio is 47.65%.
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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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