Edgemoor Investment Advisors Inc. lifted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,474 shares of the specialty retailer’s stock after purchasing an additional 1,561 shares during the quarter. Edgemoor Investment Advisors Inc. owned 0.16% of Williams-Sonoma worth $6,904,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Virginia Retirement Systems ET AL raised its position in shares of Williams-Sonoma by 25.3% during the third quarter. Virginia Retirement Systems ET AL now owns 34,700 shares of the specialty retailer’s stock worth $1,730,000 after purchasing an additional 7,000 shares during the period. Legal & General Group Plc raised its position in Williams-Sonoma by 14.2% in the 3rd quarter. Legal & General Group Plc now owns 109,949 shares of the specialty retailer’s stock valued at $5,485,000 after buying an additional 13,689 shares during the last quarter. Ffcm LLC acquired a new stake in Williams-Sonoma in the 3rd quarter valued at approximately $125,000. Aviance Capital Partners LLC raised its position in Williams-Sonoma by 73.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 16,163 shares of the specialty retailer’s stock valued at $806,000 after buying an additional 6,834 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its position in Williams-Sonoma by 6.2% in the 3rd quarter. Morningstar Investment Services LLC now owns 170,604 shares of the specialty retailer’s stock valued at $8,506,000 after buying an additional 9,994 shares during the last quarter. 99.33% of the stock is currently owned by institutional investors.
WSM has been the topic of a number of recent research reports. TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Goldman Sachs Group Inc dropped their target price on Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, August 24th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $62.00 target price on shares of Williams-Sonoma in a research report on Tuesday, October 17th. Finally, Morgan Stanley dropped their target price on Williams-Sonoma from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 24th. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have issued a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and an average price target of $51.39.
Shares of Williams-Sonoma, Inc. (WSM) traded down $0.09 during midday trading on Monday, reaching $46.19. The company’s stock had a trading volume of 808,000 shares, compared to its average volume of 1,714,802. The firm has a market cap of $3,930.00, a PE ratio of 13.16, a PEG ratio of 1.72 and a beta of 0.91. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $56.94.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. equities analysts anticipate that Williams-Sonoma, Inc. will post 3.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 3.38%. Williams-Sonoma’s dividend payout ratio is presently 44.19%.
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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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