Today: The Williams-Sonoma Inc. (WSM) Position Boosted by Quantitative Systematic Strategies LLC

The Williams-Sonoma Inc. (WSM) Position Boosted by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC raised its position in shares of Williams-Sonoma Inc. (NYSE:WSM) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,284 shares of the company’s stock after buying an additional 792 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Williams-Sonoma were worth $640,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors Inc. increased its stake in shares of Williams-Sonoma by 2.9% in the first quarter. Teachers Advisors Inc. now owns 70,669 shares of the company’s stock worth $3,868,000 after buying an additional 1,975 shares in the last quarter. BlackRock Inc. increased its stake in shares of Williams-Sonoma by 55.4% in the first quarter. BlackRock Inc. now owns 52,417 shares of the company’s stock worth $2,868,000 after buying an additional 18,694 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Williams-Sonoma by 173.0% in the first quarter. BlackRock Group LTD now owns 346,819 shares of the company’s stock worth $18,985,000 after buying an additional 219,791 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Williams-Sonoma by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,534,417 shares of the company’s stock worth $138,734,000 after buying an additional 57,605 shares in the last quarter. Finally, BlackRock Japan Co. Ltd purchased a new stake in shares of Williams-Sonoma during the first quarter worth $289,000. Institutional investors own 96.59% of the company’s stock.

Williams-Sonoma Inc. (NYSE:WSM) traded down 0.14% during midday trading on Thursday, hitting $48.90. The stock had a trading volume of 630,681 shares. Williams-Sonoma Inc. has a 52 week low of $47.33 and a 52 week high of $77.82. The company has a 50-day moving average price of $50.86 and a 200-day moving average price of $53.40. The stock has a market cap of $4.33 billion, a P/E ratio of 14.64 and a beta of 1.02.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The firm earned $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Williams-Sonoma had a return on equity of 26.86% and a net margin of 5.97%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. Equities analysts expect that Williams-Sonoma Inc. will post $3.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, October 25th. This represents a $1.48 annualized dividend and a dividend yield of 3.02%. Williams-Sonoma’s dividend payout ratio is 44.31%.

A number of analysts recently weighed in on WSM shares. Vetr downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $53.81 price target on the stock. in a research report on Wednesday, June 15th. Citigroup Inc. started coverage on shares of Williams-Sonoma in a research report on Friday, June 17th. They issued a “buy” rating and a $69.00 price target on the stock. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, July 5th. Finally, Wedbush reiterated a “neutral” rating and issued a $53.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $59.70.

In related news, insider Janet Hayes sold 15,027 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the sale, the insider now owns 32,776 shares in the company, valued at $1,630,278.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 80,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 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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