Avantax Advisory Services Inc. acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the 1st quarter, Holdings Channel reports. The firm acquired 4,592 shares of the specialty retailer’s stock, valued at approximately $825,000.
Several other large investors have also modified their holdings of WSM. Twin Tree Management LP bought a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $39,000. Fifth Third Bancorp lifted its stake in shares of Williams-Sonoma by 116.8% in the 1st quarter. Fifth Third Bancorp now owns 297 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 160 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Williams-Sonoma in the 1st quarter worth approximately $56,000. Signaturefd LLC lifted its stake in shares of Williams-Sonoma by 62.8% in the 4th quarter. Signaturefd LLC now owns 568 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 219 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.
In other news, CFO Julie Whalen sold 3,000 shares of Williams-Sonoma stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $164.25, for a total transaction of $492,750.00. Following the completion of the sale, the chief financial officer now directly owns 82,212 shares in the company, valued at $13,503,321. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex Bellos sold 27,500 shares of Williams-Sonoma stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $169.25, for a total value of $4,654,375.00. Following the sale, the insider now owns 13,781 shares of the company’s stock, valued at $2,332,434.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,607 shares of company stock valued at $16,080,792. 1.60% of the stock is owned by corporate insiders.
WSM stock opened at $158.30 on Friday. The firm has a fifty day simple moving average of $169.12. Williams-Sonoma, Inc. has a fifty-two week low of $80.52 and a fifty-two week high of $194.69. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.62 and a beta of 1.68.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Tuesday, May 25th. The specialty retailer reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $1.10. Williams-Sonoma had a return on equity of 60.81% and a net margin of 11.97%. Sell-side analysts expect that Williams-Sonoma, Inc. will post 11.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Investors of record on Friday, July 23rd will be given a $0.59 dividend. The ex-dividend date of this dividend is Thursday, July 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 1.49%. Williams-Sonoma’s dividend payout ratio is presently 26.11%.
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as 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, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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