CIBC World Markets Inc. bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,610 shares of the specialty retailer’s stock, valued at approximately $1,509,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stone Ridge Asset Management LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter valued at $837,000. Lazard Asset Management LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter valued at $3,003,000. AXA increased its position in shares of Williams-Sonoma by 109.0% during the 4th quarter. AXA now owns 70,000 shares of the specialty retailer’s stock valued at $3,619,000 after purchasing an additional 36,500 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Williams-Sonoma during the 4th quarter valued at $49,000,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Williams-Sonoma during the 4th quarter valued at $295,000.
Several equities analysts have recently issued reports on WSM shares. Deutsche Bank lifted their price target on Williams-Sonoma from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, May 24th. Zacks Investment Research upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Friday, May 25th. Stifel Nicolaus lifted their price target on Williams-Sonoma from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Thursday, March 15th. UBS Group lowered their price target on Williams-Sonoma from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, May 24th. Finally, Gordon Haskett upgraded Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 price target on the stock in a research report on Wednesday, March 14th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $53.64.
Shares of Williams-Sonoma opened at $61.31 on Friday, Marketbeat.com reports. The firm has a market capitalization of $5.16 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.70 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.25. Williams-Sonoma, Inc. has a 12 month low of $42.68 and a 12 month high of $65.99.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, May 23rd. The specialty retailer reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Williams-Sonoma had a return on equity of 27.10% and a net margin of 4.93%. Williams-Sonoma’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. analysts predict that Williams-Sonoma, Inc. will post 4.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Friday, July 20th will be given a $0.43 dividend. The ex-dividend date is Thursday, July 19th. This represents a $1.72 annualized dividend and a dividend yield of 2.81%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.
Williams-Sonoma announced that its Board of Directors has approved a stock buyback program on Wednesday, March 14th that allows the company to repurchase $286.00 million in shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Julie Whalen sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $54.47, for a total value of $1,634,100.00. Following the completion of the sale, the executive vice president now owns 31,429 shares of the company’s stock, valued at $1,711,937.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alex Bellos sold 3,348 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $60.86, for a total value of $203,759.28. Following the completion of the sale, the insider now directly owns 3,352 shares of the company’s stock, valued at approximately $204,002.72. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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