Xact Kapitalforvaltning AB increased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 54.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,360 shares of the specialty retailer’s stock after acquiring an additional 4,000 shares during the period. Xact Kapitalforvaltning AB’s holdings in Williams-Sonoma were worth $599,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in WSM. Covenant Asset Management LLC bought a new position in shares of Williams-Sonoma in the first quarter valued at approximately $208,000. Princeton Portfolio Strategies Group LLC bought a new position in shares of Williams-Sonoma in the first quarter valued at approximately $226,000. Advisor Group Inc. grew its holdings in shares of Williams-Sonoma by 21.8% in the fourth quarter. Advisor Group Inc. now owns 6,112 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 1,094 shares in the last quarter. Sciencast Management LP bought a new position in shares of Williams-Sonoma in the fourth quarter valued at approximately $334,000. Finally, LPL Financial LLC grew its holdings in shares of Williams-Sonoma by 25.4% in the fourth quarter. LPL Financial LLC now owns 6,785 shares of the specialty retailer’s stock valued at $351,000 after acquiring an additional 1,374 shares in the last quarter.
Several equities analysts have recently issued reports on WSM shares. Gordon Haskett raised Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 target price for the company in a report on Wednesday, March 14th. Loop Capital upped their target price on Williams-Sonoma to $55.00 and gave the company a “hold” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on Williams-Sonoma from $54.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, March 15th. Credit Suisse Group set a $48.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a report on Thursday, March 15th. Finally, Wolfe Research upped their price objective on Williams-Sonoma from $52.00 to $55.00 and gave the company a “peer perform” rating in a research note on Thursday, March 15th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $53.64.
In other Williams-Sonoma news, Director Anthony Greener sold 5,000 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $60.51, for a total transaction of $302,550.00. Following the sale, the director now owns 33,218 shares in the company, valued at $2,010,021.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alex Bellos sold 3,348 shares of the 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 sale, the insider now owns 3,352 shares in the company, valued at approximately $204,002.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,243 shares of company stock worth $2,440,669. Company insiders own 0.87% of the company’s stock.
NYSE:WSM opened at $61.48 on Wednesday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.68 and a beta of 0.79. Williams-Sonoma, Inc. has a 1 year low of $42.68 and a 1 year high of $65.99. The company has a current ratio of 1.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.25.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 23rd. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. Williams-Sonoma had a return on equity of 27.10% and a net margin of 4.93%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business 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 business also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, July 20th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, July 19th. This represents a $1.72 annualized dividend and a dividend yield of 2.80%. Williams-Sonoma’s dividend payout ratio is currently 47.65%.
Williams-Sonoma announced that its board has initiated a stock repurchase program on Wednesday, March 14th that authorizes the company to buyback $286.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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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