Teachers Retirement System of The State of Kentucky cut its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,570 shares of the specialty retailer’s stock after selling 1,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Williams-Sonoma were worth $852,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Ramsey Quantitative Systems purchased a new position in Williams-Sonoma during the second quarter worth about $279,000. Parametric Portfolio Associates LLC raised its stake in Williams-Sonoma by 5.6% during the second quarter. Parametric Portfolio Associates LLC now owns 155,470 shares of the specialty retailer’s stock worth $7,540,000 after purchasing an additional 8,254 shares during the period. SkyBridge Capital II LLC purchased a new position in Williams-Sonoma during the second quarter worth about $12,503,000. California Public Employees Retirement System raised its stake in Williams-Sonoma by 2.7% during the second quarter. California Public Employees Retirement System now owns 260,900 shares of the specialty retailer’s stock worth $12,654,000 after purchasing an additional 6,900 shares during the period. Finally, MML Investors Services LLC raised its stake in Williams-Sonoma by 11.4% during the second quarter. MML Investors Services LLC now owns 7,450 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 760 shares during the period. 97.89% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on WSM shares. Credit Suisse Group set a $44.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a research note on Thursday, August 24th. Goldman Sachs Group, Inc. (The) reduced their price target on shares of Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, August 24th. Zacks Investment Research downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. BidaskClub downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reduced their price target on shares of Williams-Sonoma from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 24th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $52.18.
Shares of Williams-Sonoma, Inc. (NYSE WSM) opened at 48.89 on Friday. The company’s 50-day moving average is $48.53 and its 200 day moving average is $48.98. The stock has a market capitalization of $4.16 billion, a P/E ratio of 14.04 and a beta of 0.85. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.58 earnings per share. Williams-Sonoma’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma, Inc. will post $3.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.19%. Williams-Sonoma’s payout ratio is 44.96%.
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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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