WINTON GROUP Ltd Takes Position in Williams-Sonoma, Inc. (WSM)

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%.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/11/10/winton-group-ltd-takes-position-in-williams-sonoma-inc-wsm.html.

Williams-Sonoma Profile

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.

Recommended Story: What is a Swap?

Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM).

Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply