Hutchinson Capital Management CA grew its position in Williams-Sonoma, Inc. (NYSE:WSM) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,375 shares of the specialty retailer’s stock after purchasing an additional 1,109 shares during the quarter. Williams-Sonoma makes up about 4.8% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 4th largest holding. Hutchinson Capital Management CA’s holdings in Williams-Sonoma were worth $17,244,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in shares of Williams-Sonoma by 17.4% in the first quarter. Russell Investments Group Ltd. now owns 23,127 shares of the specialty retailer’s stock worth $1,211,000 after buying an additional 3,429 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Williams-Sonoma by 23.2% in the first quarter. LPL Financial LLC now owns 8,356 shares of the specialty retailer’s stock worth $441,000 after buying an additional 1,571 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Williams-Sonoma in the first quarter worth $2,101,000. Legal & General Group Plc lifted its holdings in shares of Williams-Sonoma by 2.4% in the first quarter. Legal & General Group Plc now owns 121,546 shares of the specialty retailer’s stock worth $6,412,000 after buying an additional 2,905 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Williams-Sonoma by 54.3% in the first quarter. Xact Kapitalforvaltning AB now owns 11,360 shares of the specialty retailer’s stock worth $599,000 after buying an additional 4,000 shares in the last quarter.
WSM stock opened at $57.97 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.76 and a beta of 0.82. Williams-Sonoma, Inc. has a twelve month low of $44.01 and a twelve month high of $73.99.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, 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. Stockholders of record on Friday, October 26th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, October 25th. Williams-Sonoma’s payout ratio is presently 47.65%.
WSM has been the topic of several research analyst reports. Credit Suisse Group set a $55.00 target price on shares of Williams-Sonoma and gave the stock a “sell” rating in a report on Thursday, August 23rd. Royal Bank of Canada boosted their target price on shares of Williams-Sonoma to $67.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Tuesday, July 31st. ValuEngine downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, Jefferies Financial Group set a $60.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a research note on Tuesday, August 21st. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.23.
In other news, EVP David Randolph King sold 24,323 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the transaction, the executive vice president now directly owns 17,589 shares in the company, valued at $1,211,530.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Janet Hayes sold 14,376 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the transaction, the insider now owns 44,889 shares in the company, valued at $3,056,940.90. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
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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