Ronna Sue Cohen boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,354 shares of the specialty retailer’s stock after buying an additional 6,671 shares during the period. Williams-Sonoma accounts for approximately 2.8% of Ronna Sue Cohen’s holdings, making the stock its 11th largest position. Ronna Sue Cohen’s holdings in Williams-Sonoma were worth $3,719,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Cribstone Capital Management LLC raised its stake in shares of Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock valued at $1,224,000 after buying an additional 70 shares in the last quarter. Creative Planning raised its position in 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 period. Gofen & Glossberg LLC IL raised its position in Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 120 shares during the period. Mason Street Advisors LLC raised its position in Williams-Sonoma by 0.4% in the first quarter. Mason Street Advisors LLC now owns 38,180 shares of the specialty retailer’s stock valued at $2,047,000 after buying an additional 168 shares during the period. Finally, IFP Advisors Inc raised its position in 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 period. Institutional investors and hedge funds own 97.55% of the company’s stock.
Williams-Sonoma, Inc. (WSM) traded up 0.64% on Friday, hitting $47.48. 3,128,460 shares of the stock were exchanged. The company has a market capitalization of $4.11 billion, a PE ratio of 13.83 and a beta of 0.88. Williams-Sonoma, Inc. has a 1-year low of $45.68 and a 1-year high of $57.40. The company has a 50-day moving average price of $49.86 and a 200 day moving average price of $50.47.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Analysts anticipate that Williams-Sonoma, Inc. will post $3.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 21st will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, July 19th. This represents a $1.56 annualized dividend and a dividend yield of 3.29%. Williams-Sonoma’s dividend payout ratio is 45.35%.
Several equities research analysts have recently issued reports on WSM shares. J P Morgan Chase & Co raised their price target on Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, April 3rd. Gordon Haskett started coverage on Williams-Sonoma in a research report on Tuesday, May 9th. They issued an “accumulate” rating and a $61.00 price target on the stock. ValuEngine raised Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Wedbush lowered their price target on Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, March 6th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of Williams-Sonoma in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.01.
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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