QV Investors Inc. acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 89,090 shares of the specialty retailer’s stock, valued at approximately $4,442,000. QV Investors Inc. owned 0.10% of Williams-Sonoma at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WSM. Alpha Omega Wealth Management LLC boosted its position in shares of Williams-Sonoma by 828.3% in the second quarter. Alpha Omega Wealth Management LLC now owns 2,785 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 2,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Williams-Sonoma by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after acquiring an additional 274 shares during the period. IFP Advisors Inc boosted its position in shares of Williams-Sonoma by 39.8% in the second quarter. IFP Advisors Inc now owns 2,945 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 838 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Williams-Sonoma by 7.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the specialty retailer’s stock valued at $182,000 after acquiring an additional 250 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $182,000. 98.39% of the stock is owned by institutional investors.
WSM has been the subject of several research reports. TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) reduced their price objective on Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, August 24th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $62.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, October 17th. Finally, Morgan Stanley reduced their price objective on Williams-Sonoma from $50.00 to $48.00 and set an “equal weight” rating for the company 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 assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.18.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.58 EPS. Williams-Sonoma’s revenue for the quarter was up 3.7% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors 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 annualized dividend and a dividend yield of 3.02%. Williams-Sonoma’s dividend payout ratio is currently 44.96%.
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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