Mackenzie Financial Corp raised its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 39.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,317 shares of the specialty retailer's stock after purchasing an additional 4,332 shares during the period. Mackenzie Financial Corp's holdings in Williams-Sonoma were worth $2,422,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of WSM. LPL Financial LLC boosted its stake in Williams-Sonoma by 4.6% during the 1st quarter. LPL Financial LLC now owns 61,660 shares of the specialty retailer's stock valued at $9,748,000 after purchasing an additional 2,688 shares during the period. TD Asset Management Inc boosted its stake in Williams-Sonoma by 95.4% during the 1st quarter. TD Asset Management Inc now owns 43,861 shares of the specialty retailer's stock valued at $6,934,000 after purchasing an additional 21,415 shares during the period. HB Wealth Management LLC boosted its stake in Williams-Sonoma by 63.6% during the 1st quarter. HB Wealth Management LLC now owns 4,709 shares of the specialty retailer's stock valued at $745,000 after purchasing an additional 1,830 shares during the period. Stevens Capital Management LP boosted its stake in Williams-Sonoma by 187.1% during the 1st quarter. Stevens Capital Management LP now owns 3,319 shares of the specialty retailer's stock valued at $525,000 after purchasing an additional 2,163 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Williams-Sonoma by 1,272.6% in the 1st quarter. Pacer Advisors Inc. now owns 512,846 shares of the specialty retailer's stock worth $81,081,000 after acquiring an additional 475,484 shares during the period. Institutional investors own 99.29% of the company's stock.
Wall Street Analysts Forecast Growth
WSM has been the subject of several recent research reports. Jefferies Financial Group reissued a "buy" rating on shares of Williams-Sonoma in a research note on Tuesday, May 13th. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research note on Tuesday, June 17th. Evercore ISI cut their target price on shares of Williams-Sonoma from $175.00 to $170.00 and set an "in-line" rating for the company in a research note on Tuesday, June 17th. Royal Bank Of Canada set a $182.00 target price on shares of Williams-Sonoma and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, UBS Group cut their target price on shares of Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $178.41.
Get Our Latest Analysis on Williams-Sonoma
Insider Activity at Williams-Sonoma
In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $168.18, for a total value of $5,045,400.00. Following the completion of the sale, the chief executive officer directly owned 966,927 shares of the company's stock, valued at $162,617,782.86. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Howie sold 4,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total transaction of $675,840.00. Following the transaction, the chief financial officer directly owned 34,388 shares of the company's stock, valued at $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,000 shares of company stock valued at $11,279,580 over the last three months. Insiders own 1.10% of the company's stock.
Williams-Sonoma Price Performance
Williams-Sonoma stock traded down $2.83 during trading hours on Wednesday, hitting $200.95. The company had a trading volume of 1,187,751 shares, compared to its average volume of 1,215,904. The firm has a market capitalization of $24.72 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 3.29 and a beta of 1.47. The firm's fifty day moving average is $169.19 and its 200-day moving average is $173.47. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98.
Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.67 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.48 earnings per share. Analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.
Williams-Sonoma Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 18th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 18th. Williams-Sonoma's payout ratio is currently 29.90%.
Williams-Sonoma Company Profile
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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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