Northwestern Mutual Wealth Management Co. boosted its stake in shares of Williams-Sonoma Inc. (NYSE:WSM) by 650.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,127 shares of the company’s stock after buying an additional 3,577 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Williams-Sonoma were worth $216,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of WSM. Acrospire Investment Management LLC boosted its stake in Williams-Sonoma by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock valued at $104,000 after buying an additional 1,000 shares during the period. NEXT Financial Group Inc boosted its stake in Williams-Sonoma by 63.2% in the second quarter. NEXT Financial Group Inc now owns 2,840 shares of the company’s stock valued at $148,000 after buying an additional 1,100 shares during the period. Toronto Dominion Bank purchased a new stake in Williams-Sonoma during the second quarter valued at $157,000. HL Financial Services LLC purchased a new stake in Williams-Sonoma during the second quarter valued at $205,000. Finally, Reliance Trust Co. of Delaware purchased a new stake in Williams-Sonoma during the second quarter valued at $210,000. 98.91% of the stock is owned by institutional investors and hedge funds.
Williams-Sonoma Inc. (NYSE:WSM) traded down 0.36% on Friday, reaching $54.67. 478,370 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 16.26 and a beta of 0.84. Williams-Sonoma Inc. has a 1-year low of $45.96 and a 1-year high of $64.96. The stock’s 50 day moving average price is $49.26 and its 200 day moving average price is $51.52.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The business earned $1.25 million during the quarter, compared to the consensus estimate of $1.26 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, analysts expect that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th were paid a $0.37 dividend. The ex-dividend date was Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.71%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.18%.
A number of equities analysts recently weighed in on the stock. Oppenheimer Holdings Inc. assumed coverage on shares of Williams-Sonoma in a research report on Tuesday, September 20th. They set an “outperform” rating for the company. Barclays PLC set a $40.00 price objective on shares of Williams-Sonoma and gave the stock a “sell” rating in a research report on Friday, November 18th. Credit Suisse Group AG assumed coverage on shares of Williams-Sonoma in a research report on Thursday, August 25th. They set a “neutral” rating and a $50.00 price objective for the company. Vetr cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 price objective for the company. in a research report on Monday, August 29th. Finally, Argus reaffirmed a “buy” rating and set a $75.00 price objective on shares of Williams-Sonoma in a research report on Monday, August 29th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $57.16.
In other Williams-Sonoma news, insider James W. Jr. Brett sold 16,355 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $54.49, for a total transaction of $891,183.95. Following the transaction, the insider now directly owns 24,978 shares in the company, valued at approximately $1,361,051.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total transaction of $747,442.98. Following the transaction, the insider now owns 32,776 shares in the company, valued at $1,630,278.24. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Williams-Sonoma Company 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.