Gs Investments Inc. trimmed its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,250 shares of the specialty retailer’s stock after selling 1,625 shares during the period. Gs Investments Inc.’s holdings in Williams-Sonoma were worth $739,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in Williams-Sonoma during the second quarter valued at approximately $101,000. Moody Aldrich Partners LLC acquired a new position in Williams-Sonoma during the second quarter valued at approximately $125,338,000. JNBA Financial Advisors acquired a new position in Williams-Sonoma during the third quarter valued at approximately $168,000. First Mercantile Trust Co. acquired a new position in Williams-Sonoma during the second quarter valued at approximately $175,000. Finally, Enterprise Financial Services Corp acquired a new position in Williams-Sonoma during the second quarter valued at approximately $177,000.
NYSE WSM opened at $64.00 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 1.56. The firm has a market cap of $5.13 billion, a PE ratio of 17.73, a PEG ratio of 1.88 and a beta of 0.95. Williams-Sonoma, Inc. has a 52 week low of $44.01 and a 52 week high of $73.99.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, October 26th will be paid a $0.43 dividend. The ex-dividend date is Thursday, October 25th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.69%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.
A number of brokerages have weighed in on WSM. ValuEngine raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Royal Bank of Canada lifted their price target on shares of Williams-Sonoma to $67.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. Buckingham Research boosted their target price on shares of Williams-Sonoma from $54.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, August 23rd. Zacks Investment Research cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, Argus set a $80.00 target price on shares of Williams-Sonoma and gave the stock a “buy” rating in a research report on Monday, August 27th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $59.23.
In related news, EVP David Randolph King sold 24,323 shares of Williams-Sonoma stock in a transaction on Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the completion of the sale, the executive vice president now owns 17,589 shares in the company, valued at $1,211,530.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Janet Hayes sold 14,376 shares of Williams-Sonoma stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the sale, the insider now owns 44,889 shares of the company’s stock, valued at approximately $3,056,940.90. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
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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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