ARP Americas LP acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,535 shares of the specialty retailer’s stock, valued at approximately $372,000.
Several other large investors also recently made changes to their positions in the company. Huntington National Bank lifted its position in shares of Williams-Sonoma by 53.9% during the 2nd quarter. Huntington National Bank now owns 374 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Whittier Trust Co. raised its stake in Williams-Sonoma by 5.1% during the 1st quarter. Whittier Trust Co. now owns 3,600 shares of the specialty retailer’s stock valued at $153,000 after purchasing an additional 175 shares during the period. Piedmont Investment Advisors Inc. raised its stake in Williams-Sonoma by 2.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,122 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 189 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Williams-Sonoma by 1.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,353 shares of the specialty retailer’s stock valued at $525,000 after purchasing an additional 216 shares during the period. Finally, Joseph P. Lucia & Associates LLC raised its stake in Williams-Sonoma by 23.1% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 1,600 shares of the specialty retailer’s stock valued at $68,000 after purchasing an additional 300 shares during the period. Institutional investors own 99.52% of the company’s stock.
In related news, CEO Laura Alber sold 20,000 shares of the stock in a transaction dated Thursday, July 16th. The shares were sold at an average price of $84.55, for a total value of $1,691,000.00. Following the completion of the sale, the chief executive officer now owns 489,061 shares in the company, valued at $41,350,107.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Grace Puma Whiteford sold 6,187 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.63, for a total transaction of $529,792.81. Following the completion of the sale, the director now owns 8,962 shares of the company’s stock, valued at approximately $767,416.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,742 shares of company stock valued at $10,708,945. 1.50% of the stock is owned by corporate insiders.
Williams-Sonoma stock traded down $0.53 during mid-day trading on Friday, hitting $87.12. 935,713 shares of the company’s stock were exchanged, compared to its average volume of 901,615. The company has a current ratio of 1.28, a quick ratio of 0.64 and a debt-to-equity ratio of 1.16. The stock has a market cap of $6.77 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.91 and a beta of 1.72. Williams-Sonoma, Inc. has a 1-year low of $26.01 and a 1-year high of $88.32. The stock has a 50 day moving average of $84.08 and a two-hundred day moving average of $68.42.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, May 28th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.70. Williams-Sonoma had a net margin of 5.75% and a return on equity of 31.92%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that Williams-Sonoma, Inc. will post 4.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, July 24th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, July 23rd. Williams-Sonoma’s payout ratio is presently 39.67%.
Several analysts have issued reports on WSM shares. Telsey Advisory Group raised shares of Williams-Sonoma from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $80.00 in a research note on Tuesday, May 26th. Wedbush boosted their target price on shares of Williams-Sonoma from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Royal Bank of Canada boosted their target price on shares of Williams-Sonoma from $70.00 to $76.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Zacks Investment Research downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $87.00 target price on the stock. in a research note on Wednesday, July 22nd. Finally, Barclays upped their price target on shares of Williams-Sonoma from $43.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.84.
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including 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, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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