Schroder Investment Management Group decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 31.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 368,458 shares of the specialty retailer’s stock after selling 166,846 shares during the period. Schroder Investment Management Group owned about 0.44% of Williams-Sonoma worth $22,590,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in Williams-Sonoma by 79.7% in the second quarter. Advisors Asset Management Inc. now owns 128,863 shares of the specialty retailer’s stock valued at $4,432,000 after buying an additional 57,154 shares during the period. Phocas Financial Corp. bought a new stake in Williams-Sonoma in the second quarter valued at approximately $2,773,000. Moneta Group Investment Advisors LLC bought a new stake in Williams-Sonoma in the second quarter valued at approximately $433,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Williams-Sonoma in the second quarter valued at approximately $2,400,000. Finally, Banco de Sabadell S.A bought a new stake in Williams-Sonoma in the second quarter valued at approximately $853,000.
Several equities analysts have recently commented on WSM shares. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Friday, July 20th. Loop Capital upped their target price on Williams-Sonoma to $65.00 and gave the company a “hold” rating in a research report on Thursday, August 23rd. They noted that the move was a valuation call. ValuEngine downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Buckingham Research upped their target price on Williams-Sonoma from $54.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, August 23rd. Finally, Royal Bank of Canada upped their target price on Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have given a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and a consensus price target of $59.39.
In related news, EVP David Randolph King sold 24,323 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $68.88, for a total transaction of $1,675,368.24. Following the sale, the executive vice president now owns 17,589 shares of the company’s stock, valued at $1,211,530.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Janet Hayes sold 14,376 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $68.10, for a total value of $979,005.60. Following the sale, the insider now directly owns 44,889 shares in the company, valued at approximately $3,056,940.90. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.
Shares of NYSE:WSM opened at $60.89 on Friday. The company has a market cap of $5.29 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.94 and a beta of 0.83. Williams-Sonoma, Inc. has a 1 year low of $44.01 and a 1 year high of $73.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 1.56.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. Williams-Sonoma had a return on equity of 28.68% and a net margin of 4.84%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts anticipate that Williams-Sonoma, Inc. will post 4.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, October 26th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, October 25th. Williams-Sonoma’s dividend payout ratio is currently 47.65%.
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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