Archford Capital Strategies LLC purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,013 shares of the specialty retailer's stock, valued at approximately $3,006,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of Williams-Sonoma by 15.1% in the 4th quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer's stock worth $352,283,000 after purchasing an additional 249,389 shares during the last quarter. Norges Bank bought a new stake in shares of Williams-Sonoma in the 4th quarter worth about $290,121,000. Renaissance Technologies LLC increased its position in shares of Williams-Sonoma by 64.1% in the 4th quarter. Renaissance Technologies LLC now owns 989,700 shares of the specialty retailer's stock worth $183,273,000 after purchasing an additional 386,500 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Williams-Sonoma by 4.0% in the 4th quarter. Captrust Financial Advisors now owns 645,402 shares of the specialty retailer's stock worth $119,516,000 after purchasing an additional 24,741 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Williams-Sonoma by 19,941.2% in the 4th quarter. Proficio Capital Partners LLC now owns 495,619 shares of the specialty retailer's stock worth $91,779,000 after purchasing an additional 493,146 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.
Williams-Sonoma Trading Down 0.0%
Shares of NYSE:WSM opened at $157.86 on Wednesday. The company has a 50 day moving average of $158.24 and a 200-day moving average of $176.63. The firm has a market cap of $19.42 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.55 and a beta of 1.47. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98.
Williams-Sonoma (NYSE:WSM - Get Free Report) last released its earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $3.48 earnings per share. The business's quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.
Williams-Sonoma Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, July 18th. Williams-Sonoma's dividend payout ratio is presently 29.90%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Zelman & Associates assumed coverage on shares of Williams-Sonoma in a research note on Thursday, May 15th. They set an "underperform" rating on the stock. UBS Group dropped their price objective on shares of Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Royal Bank Of Canada set a $182.00 price objective on shares of Williams-Sonoma and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Morgan Stanley dropped their price objective on shares of Williams-Sonoma from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, Barclays set a $166.00 price objective on shares of Williams-Sonoma and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $176.75.
Read Our Latest Stock Report on WSM
Insider Activity at Williams-Sonoma
In related news, CFO Jeffrey Howie sold 4,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $157.11, for a total value of $628,440.00. Following the completion of the sale, the chief financial officer now owns 38,388 shares in the company, valued at approximately $6,031,138.68. This represents a 9.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Karalyn Yearout sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $151.53, for a total transaction of $1,212,240.00. Following the completion of the sale, the executive vice president now owns 16,505 shares of the company's stock, valued at approximately $2,501,002.65. This trade represents a 32.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,227 shares of company stock valued at $18,520,913 over the last ninety days. Insiders own 1.10% of the company's stock.
About Williams-Sonoma
(
Free Report)
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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