Lingohr & Partner Asset Management GmbH decreased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,569 shares of the specialty retailer’s stock after selling 100 shares during the quarter. Williams-Sonoma comprises about 0.9% of Lingohr & Partner Asset Management GmbH’s investment portfolio, making the stock its 19th biggest position. Lingohr & Partner Asset Management GmbH’s holdings in Williams-Sonoma were worth $1,532,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Vision Capital Management Inc. boosted its holdings in shares of Williams-Sonoma by 0.3% during the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock worth $902,000 after purchasing an additional 47 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Williams-Sonoma by 0.4% during the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after purchasing an additional 82 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in shares of Williams-Sonoma by 0.3% during the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after purchasing an additional 100 shares during the last quarter. Gofen & Glossberg LLC IL boosted its holdings in shares of Williams-Sonoma by 0.4% during the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock worth $1,477,000 after purchasing an additional 120 shares during the last quarter. Finally, Cribstone Capital Management LLC boosted its holdings in shares of Williams-Sonoma by 0.6% during the second quarter. Cribstone Capital Management LLC now owns 22,609 shares of the specialty retailer’s stock worth $1,097,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 97.89% of the company’s stock.
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Several research firms have recently issued reports on WSM. Telsey Advisory Group raised their price objective on Williams-Sonoma from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Thursday. Zacks Investment Research cut Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Credit Suisse Group set a $44.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a report on Thursday, August 24th. J P Morgan Chase & Co restated an “overweight” rating and set a $60.00 price objective (down previously from $64.00) on shares of Williams-Sonoma in a report on Thursday, August 24th. Finally, Guggenheim restated a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.65.
Williams-Sonoma, Inc. (WSM) traded up 1.32% on Friday, reaching $49.09. The company’s stock had a trading volume of 1,891,167 shares. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 14.10 and a beta of 0.85. Williams-Sonoma, Inc. has a 1-year low of $42.68 and a 1-year high of $56.94. The stock has a 50 day moving average price of $46.10 and a 200-day moving average price of $48.82.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.43%. Williams-Sonoma’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Equities analysts predict that Williams-Sonoma, Inc. will post $3.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.18%. Williams-Sonoma’s dividend payout ratio is presently 44.96%.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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