Baird Financial Group Inc. decreased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,371 shares of the specialty retailer’s stock after selling 3,567 shares during the quarter. Baird Financial Group Inc. owned approximately 0.07% of Williams-Sonoma worth $3,860,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Aperio Group LLC grew its stake in Williams-Sonoma by 13.2% in the 3rd quarter. Aperio Group LLC now owns 108,790 shares of the specialty retailer’s stock valued at $7,150,000 after buying an additional 12,709 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Williams-Sonoma by 6.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 39,846 shares of the specialty retailer’s stock valued at $2,444,000 after buying an additional 2,537 shares during the last quarter. W.E. Donoghue & Co. LLC grew its stake in Williams-Sonoma by 93.2% in the 3rd quarter. W.E. Donoghue & Co. LLC now owns 14,833 shares of the specialty retailer’s stock valued at $975,000 after buying an additional 7,155 shares during the last quarter. Moody Aldrich Partners LLC acquired a new position in Williams-Sonoma in the 2nd quarter valued at $125,338,000. Finally, Advisors Asset Management Inc. grew its stake in Williams-Sonoma by 79.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 128,863 shares of the specialty retailer’s stock valued at $4,432,000 after buying an additional 57,154 shares during the last quarter.
WSM has been the topic of a number of research analyst reports. Credit Suisse Group set a $55.00 target price on shares of Williams-Sonoma and gave the company a “sell” rating in a research note on Thursday, August 23rd. Royal Bank of Canada raised their target price on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research note on Thursday, August 23rd. ValuEngine lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Jefferies Financial Group set a $60.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a research note on Tuesday, August 21st. Finally, Morgan Stanley raised their target price 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. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $58.60.
In other Williams-Sonoma news, insider Janet Hayes sold 14,376 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $68.10, for a total value of $979,005.60. Following the completion of the sale, the insider now directly owns 44,889 shares of the company’s stock, valued at approximately $3,056,940.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
Shares of Williams-Sonoma stock opened at $53.99 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.27. Williams-Sonoma, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $73.99. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.68 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, November 15th. The specialty retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Williams-Sonoma had a net margin of 4.97% and a return on equity of 29.75%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts expect that Williams-Sonoma, Inc. will post 4.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.
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Williams-Sonoma Company 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.
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