Panagora Asset Management Inc. increased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 68.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,264 shares of the specialty retailer’s stock after acquiring an additional 1,740 shares during the quarter. Panagora Asset Management Inc.’s holdings in Williams-Sonoma were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Psagot Investment House Ltd. purchased a new stake in Williams-Sonoma in the second quarter worth $25,000. Penserra Capital Management LLC purchased a new stake in Williams-Sonoma in the first quarter worth $28,000. Meeder Asset Management Inc. purchased a new stake in Williams-Sonoma in the second quarter worth $43,000. Marshall Wace North America L.P. purchased a new stake in Williams-Sonoma in the first quarter worth $56,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in Williams-Sonoma in the second quarter worth $91,000.
Shares of NYSE:WSM traded down $0.10 on Friday, hitting $67.16. 9,380 shares of the company traded hands, compared to its average volume of 1,585,909. Williams-Sonoma, Inc. has a 52 week low of $45.01 and a 52 week high of $70.58. The company has a quick ratio of 0.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.29. The stock has a 50 day simple moving average of $65.65 and a 200-day simple moving average of $60.48. The company has a market cap of $5.29 billion, a PE ratio of 15.07, a PEG ratio of 1.53 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, July 26th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.92 annualized dividend and a dividend yield of 2.86%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.05%.
In related news, insider Alex Bellos sold 4,820 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $65.25, for a total transaction of $314,505.00. Following the sale, the insider now directly owns 8,177 shares of the company’s stock, valued at $533,549.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marta Benson sold 5,000 shares of the 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 sale, the insider now directly owns 17,061 shares in the company, valued at $1,050,957.60. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
A number of equities analysts have issued reports on the company. Wedbush set a $63.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a report on Thursday, August 29th. Argus increased their price objective on Williams-Sonoma to $73.00 and gave the stock a “positive” rating in a report on Monday, July 15th. Robert W. Baird increased their price objective on Williams-Sonoma from $58.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada increased their price objective on Williams-Sonoma from $61.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, August 29th. Finally, Citigroup set a $70.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a report on Thursday, August 29th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the company’s stock. Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $62.67.
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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