D.A. Davidson & CO. lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 27.8% during the 2nd quarter, Holdings Channel reports. The firm owned 3,830 shares of the specialty retailer’s stock after selling 1,474 shares during the period. D.A. Davidson & CO.’s holdings in Williams-Sonoma were worth $235,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Algert Global LLC bought a new position in Williams-Sonoma in the second quarter valued at about $1,815,000. Cooke & Bieler LP lifted its stake in Williams-Sonoma by 163.7% in the second quarter. Cooke & Bieler LP now owns 708,430 shares of the specialty retailer’s stock valued at $43,483,000 after buying an additional 439,800 shares during the period. Synovus Financial Corp lifted its stake in Williams-Sonoma by 7,542.0% in the second quarter. Synovus Financial Corp now owns 7,642 shares of the specialty retailer’s stock valued at $464,000 after buying an additional 7,542 shares during the period. CWM LLC lifted its stake in Williams-Sonoma by 3.2% in the second quarter. CWM LLC now owns 70,524 shares of the specialty retailer’s stock valued at $4,329,000 after buying an additional 2,187 shares during the period. Finally, Marathon Asset Management LLP lifted its stake in Williams-Sonoma by 0.3% in the second quarter. Marathon Asset Management LLP now owns 367,512 shares of the specialty retailer’s stock valued at $22,558,000 after buying an additional 1,003 shares during the period.
Several equities analysts have weighed in on WSM shares. Zacks Investment Research lowered Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. ValuEngine lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Morgan Stanley increased their target price on Williams-Sonoma from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 24th. Deutsche Bank increased their target price on Williams-Sonoma from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, May 24th. Finally, Royal Bank of Canada increased their target price on Williams-Sonoma from $56.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, May 24th. Five investment analysts have rated the stock with a sell rating, twenty have given a hold rating and two have issued a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $54.92.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, May 23rd. The specialty retailer reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Williams-Sonoma had a return on equity of 27.10% and a net margin of 4.93%. Williams-Sonoma’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. research analysts anticipate that Williams-Sonoma, Inc. will post 4.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Friday, July 20th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Thursday, July 19th. Williams-Sonoma’s dividend payout ratio is currently 47.65%.
In other news, EVP Julie Whalen sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $54.47, for a total transaction of $1,634,100.00. Following the sale, the executive vice president now owns 31,429 shares of the company’s stock, valued at $1,711,937.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony Greener sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $60.51, for a total value of $302,550.00. Following the sale, the director now directly owns 33,218 shares in the company, valued at approximately $2,010,021.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,243 shares of company stock worth $2,440,669. 0.87% of the stock is currently owned by insiders.
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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