Williams-Sonoma, Inc. (WSM) Holdings Lessened by Flinton Capital Management LLC
Flinton Capital Management LLC lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,788 shares of the specialty retailer’s stock after selling 9,716 shares during the period. Flinton Capital Management LLC owned 0.09% of Williams-Sonoma worth $3,627,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Invictus RG purchased a new position in Williams-Sonoma in the 1st quarter valued at approximately $122,000. Foresters Investment Management Company Inc. purchased a new position in shares of Williams-Sonoma during the 1st quarter valued at $134,000. Alpha Omega Wealth Management LLC grew its position in shares of Williams-Sonoma by 828.3% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,485 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Williams-Sonoma by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 274 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Williams-Sonoma by 39.8% during the 2nd quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 838 shares in the last quarter. Institutional investors own 97.89% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Stifel Nicolaus started coverage on shares of Williams-Sonoma in a report on Thursday. They set a “hold” rating and a $54.00 price objective for the company. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $60.00 price objective (down from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $52.18.
Shares of Williams-Sonoma, Inc. (NYSE WSM) traded up 2.27% on Friday, reaching $50.00. 2,348,185 shares of the company were exchanged. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.36 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. The firm’s 50 day moving average price is $48.67 and its 200 day moving average price is $48.99.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.58 EPS. Williams-Sonoma’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Williams-Sonoma, Inc. will post $3.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.12%. Williams-Sonoma’s dividend payout ratio (DPR) 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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