Landscape Capital Management L.L.C. Makes New $1.71 Million Investment in Williams-Sonoma, Inc. $WSM

Key Points

• Landscape Capital Management initiated a $1.71 million Williams-Sonoma position by purchasing 7,339 shares in the second quarter. Institutional investors collectively own 99.29% of the company.
• Williams-Sonoma beat quarterly expectations, reporting $1.93 in EPS versus the $1.80 consensus and $1.81 billion in revenue, up 4.4% year over year.
• Analysts maintain a “Moderate Buy” consensus with a $231.88 average price target, while the stock recently opened at $237.34; the company also pays a quarterly dividend of $0.76, yielding 1.3% annually.

Landscape Capital Management L.L.C. bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 7,339 shares of the specialty retailer's stock, valued at approximately $1,711,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Williams-Sonoma in the 2nd quarter worth about $2,656,062,000. Aristotle Capital Management LLC lifted its position in Williams-Sonoma by 22.0% in the 1st quarter. Aristotle Capital Management LLC now owns 11,140,471 shares of the specialty retailer's stock valued at $2,031,242,000 after acquiring an additional 2,009,032 shares in the last quarter. State Street Corp boosted its stake in Williams-Sonoma by 2.5% during the 3rd quarter. State Street Corp now owns 6,139,477 shares of the specialty retailer's stock valued at $1,199,961,000 after purchasing an additional 147,780 shares during the last quarter. First Trust Advisors LP boosted its stake in Williams-Sonoma by 9.2% during the 1st quarter. First Trust Advisors LP now owns 2,664,580 shares of the specialty retailer's stock valued at $485,833,000 after purchasing an additional 224,128 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Williams-Sonoma by 7.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,919,466 shares of the specialty retailer's stock valued at $342,797,000 after purchasing an additional 130,940 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley set a $210.00 price target on Williams-Sonoma and gave the company an "equal weight" rating in a research report on Friday, May 22nd. Evercore set a $240.00 price objective on shares of Williams-Sonoma in a report on Tuesday, August 4th. TD Cowen reiterated a "buy" rating on shares of Williams-Sonoma in a research note on Monday, August 10th. Barclays set a $190.00 target price on shares of Williams-Sonoma and gave the company an "equal weight" rating in a report on Friday, May 22nd. Finally, Citigroup reissued a "neutral" rating and set a $248.00 price target (up from $200.00) on shares of Williams-Sonoma in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $231.88.

Williams-Sonoma Stock Up 0.7%

NYSE WSM opened at $237.34 on Friday. The firm has a market cap of $27.95 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.61 and a beta of 1.50. The company's 50 day moving average is $232.33 and its 200-day moving average is $207.75. Williams-Sonoma, Inc. has a 12-month low of $165.51 and a 12-month high of $254.89.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. Williams-Sonoma's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 earnings per share. Equities analysts expect that Williams-Sonoma, Inc. will post 9.38 EPS for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, July 17th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, July 17th. Williams-Sonoma's payout ratio is presently 34.04%.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the completion of the sale, the chief executive officer owned 923,524 shares in the company, valued at approximately $184,704,800. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 522 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $246.39, for a total transaction of $128,615.58. Following the sale, the executive vice president owned 20,195 shares of the company's stock, valued at $4,975,846.05. This represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,156 shares of company stock valued at $3,738,699 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.

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