Artemis Investment Management LLP lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,800 shares of the specialty retailer’s stock after selling 6,500 shares during the period. Artemis Investment Management LLP owned about 0.18% of Williams-Sonoma worth $9,416,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Williams-Sonoma by 2.3% during the second quarter. BlackRock Inc. now owns 7,772,596 shares of the specialty retailer’s stock valued at $505,218,000 after buying an additional 177,769 shares during the period. AQR Capital Management LLC boosted its position in shares of Williams-Sonoma by 12.6% during the second quarter. AQR Capital Management LLC now owns 1,862,568 shares of the specialty retailer’s stock valued at $121,067,000 after buying an additional 208,977 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Williams-Sonoma by 6.1% during the second quarter. Bank of New York Mellon Corp now owns 1,777,631 shares of the specialty retailer’s stock valued at $115,545,000 after buying an additional 102,861 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Williams-Sonoma by 125.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,472,015 shares of the specialty retailer’s stock valued at $95,681,000 after buying an additional 818,015 shares during the period. Finally, LSV Asset Management boosted its position in shares of Williams-Sonoma by 10.2% during the second quarter. LSV Asset Management now owns 1,339,276 shares of the specialty retailer’s stock valued at $87,052,000 after buying an additional 123,981 shares during the period.
Several research analysts have issued reports on WSM shares. Royal Bank of Canada boosted their target price on Williams-Sonoma from $61.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, August 29th. Morgan Stanley boosted their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th. Wolfe Research started coverage on Williams-Sonoma in a research report on Tuesday. They set a “hold” rating and a $76.00 target price for the company. Wedbush set a $63.00 target price on Williams-Sonoma and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on Williams-Sonoma from $55.00 to $64.00 and gave the company an “underweight” rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and an average price target of $63.32.
In related news, insider Alex Bellos sold 4,820 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares of the company’s stock, valued at $533,549.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is currently owned by insiders.
Shares of NYSE WSM opened at $68.61 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.31 and a current ratio of 1.31. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.42 and a beta of 0.88. The stock has a 50 day moving average price of $66.37 and a 200 day moving average price of $61.79. Williams-Sonoma, Inc. has a 52-week low of $45.01 and a 52-week high of $70.58.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.31 billion. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. Williams-Sonoma’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Analysts forecast that Williams-Sonoma, Inc. will post 4.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, October 25th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.80%. Williams-Sonoma’s payout ratio is 43.05%.
Williams-Sonoma Company Profile
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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