Point View Wealth Management Inc. acquired a new stake in Williams-Sonoma Inc. (NYSE:WSM) during the third quarter, Holdings Channel reports. The institutional investor acquired 3,977 shares of the company’s stock, valued at approximately $203,000.
Other large investors have also bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its stake in Williams-Sonoma by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 79,372 shares of the company’s stock valued at $4,345,000 after buying an additional 1,415 shares in the last quarter. Arizona State Retirement System raised its position in shares of Williams-Sonoma by 1.7% in the first quarter. Arizona State Retirement System now owns 42,392 shares of the company’s stock valued at $2,321,000 after buying an additional 700 shares during the last quarter. Royal Bank of Canada raised its position in shares of Williams-Sonoma by 5.1% in the first quarter. Royal Bank of Canada now owns 248,787 shares of the company’s stock valued at $13,618,000 after buying an additional 12,096 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Williams-Sonoma by 1,520.6% in the second quarter. BNP Paribas Arbitrage SA now owns 37,500 shares of the company’s stock valued at $1,955,000 after buying an additional 35,186 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in shares of 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 last quarter. Institutional investors own 98.91% of the company’s stock.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded down 0.36% during midday trading on Friday, hitting $54.67. The stock had a trading volume of 478,370 shares. The stock has a 50 day moving average price of $49.19 and a 200-day moving average price of $51.54. Williams-Sonoma Inc. has a 52 week low of $45.96 and a 52 week high of $65.08. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 16.26 and a beta of 0.84.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The business had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. Williams-Sonoma’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. Equities research analysts anticipate that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.18%.
Several research analysts have recently commented on the company. Oppenheimer Holdings Inc. assumed coverage on Williams-Sonoma in a research report on Tuesday, September 20th. They issued an “outperform” rating for the company. Barclays PLC set a $40.00 target price on Williams-Sonoma and gave the stock a “sell” rating in a research report on Friday, November 18th. Credit Suisse Group AG assumed coverage on Williams-Sonoma in a research report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 target price for the company. Vetr lowered Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 target price for the company. in a research report on Monday, August 29th. Finally, Argus reiterated a “buy” rating and issued a $75.00 target price on shares of Williams-Sonoma in a research report on Monday, August 29th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $57.16.
In related news, insider James W. Jr. Brett sold 16,355 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $54.49, for a total transaction of $891,183.95. Following the sale, the insider now directly owns 24,978 shares in the company, valued at approximately $1,361,051.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 80,000 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $53.19, for a total value of $4,255,200.00. Following the sale, the chief executive officer now owns 307,860 shares in the company, valued at $16,375,073.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
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.
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