Rodgers Brothers Inc. lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 15.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,310 shares of the specialty retailer’s stock after buying an additional 9,865 shares during the period. Williams-Sonoma comprises 1.3% of Rodgers Brothers Inc.’s portfolio, making the stock its 23rd largest holding. Rodgers Brothers Inc. owned about 0.08% of Williams-Sonoma worth $3,605,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vision Capital Management Inc. increased its holdings in Williams-Sonoma by 0.3% during the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock valued at $902,000 after buying an additional 47 shares during the last quarter. US Bancorp DE increased its stake in shares of Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after purchasing an additional 82 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after purchasing an additional 100 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Williams-Sonoma by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 48,421 shares of the specialty retailer’s stock worth $2,346,000 after purchasing an additional 158 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Williams-Sonoma by 7.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock worth $182,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.
A number of brokerages recently weighed in on WSM. Moffett Nathanson began coverage on shares of Williams-Sonoma in a research report on Monday. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, August 16th. Jefferies Group reiterated a “hold” rating and set a $49.00 price objective on shares of Williams-Sonoma in a research report on Thursday, September 28th. Royal Bank Of Canada raised their target price on shares of Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 24th. Finally, Oppenheimer restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.39.
Williams-Sonoma, Inc. (NYSE WSM) traded up $0.06 during trading hours on Thursday, hitting $53.50. 2,124,320 shares of the stock traded hands, compared to its average volume of 1,733,219. The stock has a market cap of $4,544.92, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.00 and a beta of 0.89. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $56.94.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. sell-side analysts anticipate that Williams-Sonoma, Inc. will post 3.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, October 26th. Williams-Sonoma’s payout ratio is 44.19%.
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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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