Trade Report: Today, Renaissance Investment Group LLC Reduces Position in Williams-Sonoma, Inc. (WSM)

Today, Renaissance Investment Group LLC Reduces Position in Williams-Sonoma, Inc. (WSM)

Renaissance Investment Group LLC cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 41,851 shares of the company’s stock after selling 1,085 shares during the period. Renaissance Investment Group LLC’s holdings in Williams-Sonoma were worth $2,138,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Williams-Sonoma by 2.2% in the second quarter. Vanguard Group Inc. now owns 5,819,191 shares of the company’s stock valued at $303,353,000 after buying an additional 123,732 shares in the last quarter. Blackhill Capital Inc. increased its stake in shares of Williams-Sonoma by 0.3% in the second quarter. Blackhill Capital Inc. now owns 4,974,375 shares of the company’s stock valued at $259,314,000 after buying an additional 12,776 shares during the period. HS Management Partners LLC increased its stake in shares of Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock valued at $162,248,000 after buying an additional 531,800 shares during the period. BlackRock Fund Advisors increased its stake in shares of Williams-Sonoma by 3.8% in the second quarter. BlackRock Fund Advisors now owns 2,943,173 shares of the company’s stock valued at $153,428,000 after buying an additional 108,236 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Williams-Sonoma by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,560,477 shares of the company’s stock valued at $133,478,000 after buying an additional 26,060 shares during the period. Institutional investors own 99.98% of the company’s stock.

Williams-Sonoma, Inc. (NYSE:WSM) traded down 0.07% during mid-day trading on Monday, reaching $54.63. 1,157,791 shares of the company’s stock traded hands. The company has a 50-day moving average of $49.41 and a 200-day moving average of $51.45. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 16.25 and a beta of 0.84. Williams-Sonoma, Inc. has a 52-week low of $45.96 and a 52-week high of $64.57.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company earned $1.25 million during the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post $3.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is currently 44.18%.

WSM has been the subject of several recent research reports. Nomura set a $75.00 target price on shares of Williams-Sonoma and gave the stock a “buy” rating in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, August 10th. Vetr downgraded shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 target price for the company. in a research note on Tuesday, August 23rd. Citigroup Inc. decreased their target price on shares of Williams-Sonoma from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 25th. Finally, Argus reiterated a “buy” rating and set a $75.00 target price on shares of Williams-Sonoma in a research note on Monday, August 29th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average 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 shares were sold at an average price of $54.49, for a total transaction of $891,183.95. Following the completion of the sale, the insider now directly owns 24,978 shares of the company’s stock, valued at $1,361,051.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 32,776 shares of the company’s stock, 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.

About Williams-Sonoma

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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