Barings LLC maintained its stake in Williams-Sonoma, Inc. (NYSE:WSM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,900 shares of the specialty retailer’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Williams-Sonoma were worth $853,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of WSM. BlackRock Inc. boosted its position in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after buying an additional 9,047,189 shares in the last quarter. FMR LLC boosted its position in Williams-Sonoma by 115.4% in the second quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after buying an additional 1,435,014 shares in the last quarter. Kiltearn Partners LLP acquired a new stake in Williams-Sonoma in the second quarter valued at approximately $38,846,000. Vanguard Group Inc. boosted its position in Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after buying an additional 506,305 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Williams-Sonoma by 369.9% in the second quarter. First Trust Advisors LP now owns 625,220 shares of the specialty retailer’s stock valued at $30,323,000 after buying an additional 492,159 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
Williams-Sonoma, Inc. (NYSE WSM) opened at 48.89 on Friday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 14.04 and a beta of 0.85. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $56.94. The stock’s 50 day moving average is $48.53 and its 200-day moving average is $48.98.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. On average, equities research analysts expect that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.19%. Williams-Sonoma’s payout ratio is currently 44.96%.
A number of analysts have weighed in on WSM shares. BidaskClub lowered shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, August 8th. Loop Capital restated a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research report on Monday, August 21st. BTIG Research restated a “sell” rating and issued a $41.00 target price on shares of Williams-Sonoma in a research report on Monday, August 21st. Finally, Bank of America Corporation restated an “underperform” rating and issued a $40.00 target price (down previously from $44.00) on shares of Williams-Sonoma in a research report on Wednesday, August 23rd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $52.18.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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