Bank of Montreal Can increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 335.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,345 shares of the specialty retailer’s stock after purchasing an additional 44,944 shares during the period. Bank of Montreal Can owned 0.07% of Williams-Sonoma worth $3,835,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. Renaissance Technologies LLC raised its position in shares of Williams-Sonoma by 125.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,283,900 shares of the specialty retailer’s stock worth $78,806,000 after purchasing an additional 713,300 shares during the last quarter. Argent Capital Management LLC acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth about $36,459,000. LSV Asset Management grew its stake in Williams-Sonoma by 99.5% during the 2nd quarter. LSV Asset Management now owns 1,055,795 shares of the specialty retailer’s stock valued at $64,804,000 after acquiring an additional 526,595 shares in the last quarter. Cooke & Bieler LP grew its stake in Williams-Sonoma by 163.7% during the 2nd quarter. Cooke & Bieler LP now owns 708,430 shares of the specialty retailer’s stock valued at $43,483,000 after acquiring an additional 439,800 shares in the last quarter. Finally, BTIM Corp. purchased a new stake in Williams-Sonoma during the 2nd quarter valued at about $26,304,000.
Williams-Sonoma stock opened at $63.14 on Friday. 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 current ratio of 1.56 and a quick ratio of 0.40. The company has a market capitalization of $5.09 billion, a PE ratio of 17.49, a PEG ratio of 1.86 and a beta of 0.95.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Williams-Sonoma, Inc. will post 4.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Friday, October 26th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $1.72 annualized dividend and a dividend yield of 2.72%. Williams-Sonoma’s dividend payout ratio (DPR) is 47.65%.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Morgan Stanley upped their price objective on shares of Williams-Sonoma from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. ValuEngine cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Argus set a $80.00 price objective on shares of Williams-Sonoma and gave the company a “buy” rating in a research note on Monday, August 27th. Finally, Royal Bank of Canada upped their price objective on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research note on Thursday, August 23rd. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $59.23.
In other news, EVP David Randolph King sold 24,323 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 17,589 shares of the company’s stock, valued at approximately $1,211,530.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Janet Hayes sold 14,376 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the sale, the insider now directly owns 44,889 shares of the company’s stock, valued at approximately $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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