Twin Capital Management Inc. Decreases Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Twin Capital Management Inc. lessened its position in Williams-Sonoma, Inc. (NYSE:WSM) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,240 shares of the specialty retailer’s stock after selling 8,350 shares during the quarter. Twin Capital Management Inc.’s holdings in Williams-Sonoma were worth $6,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Williams-Sonoma by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,878 shares of the specialty retailer’s stock valued at $967,000 after acquiring an additional 155 shares in the last quarter. Vision Capital Management Inc. lifted its position in shares of Williams-Sonoma by 1.0% in the second quarter. Vision Capital Management Inc. now owns 19,793 shares of the specialty retailer’s stock valued at $1,287,000 after acquiring an additional 195 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Williams-Sonoma by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the specialty retailer’s stock valued at $1,210,000 after acquiring an additional 200 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Williams-Sonoma by 2.0% in the first quarter. Jennison Associates LLC now owns 10,616 shares of the specialty retailer’s stock valued at $597,000 after acquiring an additional 204 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Williams-Sonoma by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,820 shares of the specialty retailer’s stock valued at $963,000 after acquiring an additional 210 shares in the last quarter.

WSM has been the topic of several research reports. Goldman Sachs Group initiated coverage on Williams-Sonoma in a research report on Thursday, July 11th. They issued a “buy” rating and a $72.00 target price on the stock. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 target price on the stock in a research report on Thursday, June 13th. Bank of America set a $45.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a research report on Friday, May 31st. Wedbush set a $63.00 target price on Williams-Sonoma and gave the company a “hold” rating in a research report on Friday, May 31st. Finally, Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $60.48.

In related news, Director Sabrina Simmons sold 1,750 shares of Williams-Sonoma stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total value of $105,140.00. Following the completion of the transaction, the director now directly owns 10,915 shares in the company, valued at $655,773.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marta Benson sold 5,000 shares of Williams-Sonoma stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total value of $308,000.00. Following the completion of the transaction, the insider now owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

WSM stock traded down $0.09 during midday trading on Thursday, hitting $62.10. 32,189 shares of the company’s stock were exchanged, compared to its average volume of 1,127,627. The company’s 50-day simple moving average is $65.80. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.33 and a quick ratio of 0.30. The stock has a market capitalization of $4.89 billion, a PE ratio of 13.87, a PEG ratio of 1.93 and a beta of 0.85. Williams-Sonoma, Inc. has a 1-year low of $45.01 and a 1-year high of $73.99.

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

The company 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 of this dividend is Thursday, July 25th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.09%. Williams-Sonoma’s payout ratio is presently 43.05%.

About Williams-Sonoma

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.

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

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