Ibex Investors LLC bought a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,121 shares of the specialty retailer’s stock, valued at approximately $205,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of WSM. JPMorgan Chase & Co. lifted its stake in Williams-Sonoma by 642.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 977,986 shares of the specialty retailer’s stock valued at $64,273,000 after acquiring an additional 846,345 shares during the period. Renaissance Technologies LLC lifted its stake in Williams-Sonoma by 125.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,283,900 shares of the specialty retailer’s stock valued at $78,806,000 after acquiring an additional 713,300 shares during the period. Argent Capital Management LLC bought a new position in Williams-Sonoma during the 2nd quarter valued at about $36,459,000. LSV Asset Management lifted 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 during the period. Finally, Russell Investments Group Ltd. lifted its stake in Williams-Sonoma by 727.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 436,859 shares of the specialty retailer’s stock valued at $28,695,000 after acquiring an additional 384,076 shares during the period.
In other Williams-Sonoma news, insider Janet Hayes sold 14,376 shares of the firm’s 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 sale, the insider now owns 44,889 shares in the company, valued at approximately $3,056,940.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research note on Thursday, August 23rd. ValuEngine upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Buckingham Research upped their target price on shares of Williams-Sonoma from $54.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, August 23rd. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Finally, Argus set a $80.00 target price on shares of Williams-Sonoma and gave the company a “buy” rating in a research note on Monday, August 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.60.
Shares of NYSE:WSM opened at $53.99 on Friday. Williams-Sonoma, Inc. has a twelve month low of $46.92 and a twelve month high of $73.99. The company has a current ratio of 1.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.44 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 15th. The specialty retailer reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Williams-Sonoma had a net margin of 4.97% and a return on equity of 29.75%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, analysts expect that Williams-Sonoma, Inc. will post 4.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, October 25th. Williams-Sonoma’s payout ratio is 47.65%.
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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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