Taylor Cottrill Erickson & Associates Inc. raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,365 shares of the specialty retailer’s stock after buying an additional 1,645 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in Williams-Sonoma were worth $1,764,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of WSM. SFE Investment Counsel boosted its stake in Williams-Sonoma by 28.4% in the first quarter. SFE Investment Counsel now owns 91,762 shares of the specialty retailer’s stock valued at $4,920,000 after buying an additional 20,291 shares during the period. Louisiana State Employees Retirement System boosted its stake in Williams-Sonoma by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the specialty retailer’s stock valued at $1,094,000 after buying an additional 300 shares during the period. Cribstone Capital Management LLC boosted its stake in Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock valued at $1,224,000 after buying an additional 70 shares during the period. Fox Run Management L.L.C. acquired a new stake in Williams-Sonoma during the first quarter valued at about $316,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in Williams-Sonoma by 5.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,050 shares of the specialty retailer’s stock valued at $271,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.
Shares of Williams-Sonoma, Inc. (WSM) opened at 43.57 on Friday. Williams-Sonoma, Inc. has a 12 month low of $43.31 and a 12 month high of $57.40. The stock’s 50 day moving average price is $45.88 and its 200-day moving average price is $49.01. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 12.69 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Equities analysts forecast that Williams-Sonoma, Inc. will post $3.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is 45.35%.
Several research firms have recently issued reports on WSM. Gordon Haskett began 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. ValuEngine upgraded Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Credit Suisse Group restated a “hold” rating and set a $44.00 price objective on shares of Williams-Sonoma in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, May 25th. Finally, Telsey Advisory Group increased their target price on Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.68.
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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