Psagot Investment House Ltd. Buys Shares of 392 Williams-Sonoma, Inc. (NYSE:WSM)

Psagot Investment House Ltd. bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 392 shares of the specialty retailer’s stock, valued at approximately $25,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vision Capital Management Inc. increased its holdings in Williams-Sonoma by 1.0% during the 2nd quarter. Vision Capital Management Inc. now owns 19,793 shares of the specialty retailer’s stock worth $1,287,000 after acquiring an additional 195 shares during the period. Thomas Story & Son LLC increased its holdings in Williams-Sonoma by 1.5% during the 2nd quarter. Thomas Story & Son LLC now owns 109,530 shares of the specialty retailer’s stock worth $7,119,000 after acquiring an additional 1,625 shares during the period. SFE Investment Counsel bought a new stake in Williams-Sonoma during the 2nd quarter worth approximately $375,000. BTIM Corp. increased its holdings in Williams-Sonoma by 1.5% during the 2nd quarter. BTIM Corp. now owns 526,531 shares of the specialty retailer’s stock worth $34,225,000 after acquiring an additional 7,954 shares during the period. Finally, Mount Vernon Associates Inc. MD increased its holdings in Williams-Sonoma by 97.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 9,665 shares of the specialty retailer’s stock worth $628,000 after acquiring an additional 4,770 shares during the period.

In other news, Director Sabrina Simmons sold 1,750 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the completion of the sale, the director now owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the sale, the insider now directly owns 17,061 shares of the company’s stock, valued at approximately $1,050,957.60. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 price target on the stock in a report on Thursday, June 13th. Berenberg Bank assumed coverage on shares of Williams-Sonoma in a report on Thursday, May 9th. They issued a “hold” rating and a $61.00 price target on the stock. Argus increased their price target on shares of Williams-Sonoma to $73.00 and gave the stock a “positive” rating in a report on Monday, July 15th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Friday, June 28th. Finally, Citigroup increased their price target on shares of Williams-Sonoma from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $60.48.

Shares of Williams-Sonoma stock traded down $1.56 during trading on Friday, reaching $64.15. The company’s stock had a trading volume of 773,654 shares, compared to its average volume of 1,266,135. Williams-Sonoma, Inc. has a 52-week low of $45.01 and a 52-week high of $73.99. The company has a market cap of $5.10 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. The firm has a 50-day simple moving average of $65.55. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, analysts predict that Williams-Sonoma, Inc. will post 4.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, July 26th will be paid a $0.48 dividend. The ex-dividend date is Thursday, July 25th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. Williams-Sonoma’s dividend payout ratio (DPR) 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.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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