Trexquant Investment LP lowered its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 47.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,500 shares of the specialty retailer’s stock after selling 12,000 shares during the period. Trexquant Investment LP’s holdings in Williams-Sonoma were worth $655,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc raised its position in shares of Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank raised its position in shares of Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 250 shares during the last quarter. Invictus RG bought a new position in shares of Williams-Sonoma during the first quarter valued at $122,000. Finally, Foresters Investment Management Company Inc. bought a new position in shares of Williams-Sonoma during the first quarter valued at $134,000. Institutional investors and hedge funds own 97.09% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) opened at 45.74 on Friday. Williams-Sonoma, Inc. has a 12 month low of $43.96 and a 12 month high of $57.40. The firm has a 50-day moving average of $46.38 and a 200 day moving average of $49.15. The firm has a market cap of $3.96 billion, a P/E ratio of 13.32 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Williams-Sonoma, Inc. will post $3.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is currently 45.35%.
Several brokerages have recently weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday. BidaskClub upgraded shares of Williams-Sonoma from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a report on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.82.
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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