Cubist Systematic Strategies LLC Invests $293,000 in Williams-Sonoma, Inc. (WSM) Stock

Cubist Systematic Strategies LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,040 shares of the specialty retailer’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vision Capital Management Inc. lifted its stake in Williams-Sonoma by 0.3% during the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock worth $902,000 after purchasing an additional 47 shares during the last quarter. US Bancorp DE lifted its stake in Williams-Sonoma by 0.4% during the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after purchasing an additional 82 shares during the last quarter. State Treasurer State of Michigan lifted its stake in Williams-Sonoma by 0.3% during the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after purchasing an additional 100 shares during the last quarter. Cribstone Capital Management LLC lifted its stake in Williams-Sonoma by 0.6% during the second quarter. Cribstone Capital Management LLC now owns 22,609 shares of the specialty retailer’s stock worth $1,097,000 after purchasing an additional 130 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Williams-Sonoma by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 48,421 shares of the specialty retailer’s stock worth $2,346,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

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Several equities research analysts have weighed in on the company. BTIG Research reaffirmed a “sell” rating and issued a $41.00 target price on shares of Williams-Sonoma in a research report on Monday, August 21st. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, October 12th. Deutsche Bank AG dropped their target price on Williams-Sonoma from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, August 24th. BidaskClub lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) dropped their target price on Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $52.18.

Williams-Sonoma, Inc. (NYSE WSM) opened at 52.42 on Monday. The company’s 50-day moving average price is $50.17 and its 200 day moving average price is $48.90. The company has a market cap of $4.46 billion, a PE ratio of 15.05 and a beta of 0.85. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, analysts anticipate that Williams-Sonoma, Inc. will post $3.60 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.98%. Williams-Sonoma’s payout ratio is currently 44.96%.

Williams-Sonoma 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.

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

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