Retirement Systems of Alabama increased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 97.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,254 shares of the specialty retailer’s stock after buying an additional 101,918 shares during the period. Retirement Systems of Alabama owned about 0.24% of Williams-Sonoma worth $10,003,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in WSM. Creative Planning increased its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc increased its stake in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock worth $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank increased its stake in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after buying an additional 250 shares during the last quarter. Invictus RG bought a new stake in Williams-Sonoma during the first quarter worth $122,000. Finally, Foresters Investment Management Company Inc. bought a new stake in Williams-Sonoma during the first quarter worth $134,000. 97.09% of the stock is currently owned by institutional investors.
Williams-Sonoma, Inc. (WSM) opened at 45.74 on Friday. The firm’s 50-day moving average price is $46.38 and its 200 day moving average price is $49.15. The firm has a market cap of $3.96 billion, a P/E ratio of 13.32 and a beta of 0.89. Williams-Sonoma, Inc. has a 12-month low of $43.96 and a 12-month high of $57.40.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.53 earnings per share. Williams-Sonoma’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts forecast that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 45.35%.
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A number of equities research analysts have weighed in on WSM shares. Gordon Haskett started coverage on Williams-Sonoma in a report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price objective on the stock. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the company a “buy” rating in a report on Saturday, June 10th. ValuEngine raised Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday. Finally, BidaskClub raised Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $56.82.
Williams-Sonoma Company Profile
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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