Bahl & Gaynor Inc. Has $1,517,000 Position in Williams-Sonoma Inc. (WSM)
Bahl & Gaynor Inc. increased its position in shares of Williams-Sonoma Inc. (NYSE:WSM) by 140.6% during the third quarter, Holdings Channel reports. The firm owned 29,705 shares of the company’s stock after buying an additional 17,360 shares during the period. Bahl & Gaynor Inc.’s holdings in Williams-Sonoma were worth $1,517,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. World Asset Management Inc increased its position in Williams-Sonoma by 0.6% in the second quarter. World Asset Management Inc now owns 4,646 shares of the company’s stock worth $242,000 after buying an additional 29 shares during the period. Fisher Asset Management LLC increased its position in Williams-Sonoma by 0.4% in the third quarter. Fisher Asset Management LLC now owns 37,726 shares of the company’s stock worth $1,927,000 after buying an additional 155 shares during the period. Forward Management LLC increased its position in Williams-Sonoma by 2.8% in the third quarter. Forward Management LLC now owns 6,352 shares of the company’s stock worth $325,000 after buying an additional 175 shares during the period. M&T Bank Corp increased its position in Williams-Sonoma by 0.4% in the third quarter. M&T Bank Corp now owns 41,588 shares of the company’s stock worth $2,125,000 after buying an additional 183 shares during the period. Finally, BB&T Securities LLC increased its position in Williams-Sonoma by 3.6% in the second quarter. BB&T Securities LLC now owns 5,537 shares of the company’s stock worth $288,000 after buying an additional 192 shares during the period. Institutional investors and hedge funds own 99.98% of the company’s stock.
Shares of Williams-Sonoma Inc. (NYSE:WSM) traded up 0.16% on Wednesday, reaching $54.78. 1,116,004 shares of the company traded hands. The stock has a 50-day moving average price of $49.73 and a 200 day moving average price of $51.49. The firm has a market capitalization of $4.82 billion, a P/E ratio of 16.29 and a beta of 0.84. Williams-Sonoma Inc. has a 1-year low of $45.96 and a 1-year high of $64.31.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The business had revenue of $1.25 million for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts anticipate that Williams-Sonoma Inc. will post $3.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th were given a $0.37 dividend. The ex-dividend date was Tuesday, October 25th. This represents a $1.48 annualized dividend and a yield of 2.70%. Williams-Sonoma’s payout ratio is presently 44.18%.
A number of equities analysts have recently weighed in on WSM shares. Robert W. Baird restated an “outperform” rating and issued a $61.00 target price (down previously from $68.00) on shares of Williams-Sonoma in a research note on Thursday, August 25th. SunTrust Banks Inc. restated a “buy” rating on shares of Williams-Sonoma in a research note on Saturday, November 19th. Wedbush restated a “neutral” rating and issued a $53.00 target price on shares of Williams-Sonoma in a research note on Wednesday. Vetr upgraded Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $61.50 target price on the stock in a research note on Tuesday, August 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $56.00 target price (down previously from $57.00) on shares of Williams-Sonoma in a research note on Thursday, August 25th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $57.12.
In other Williams-Sonoma 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 value of $891,183.95. Following the transaction, the insider now directly owns 24,978 shares in the company, valued at $1,361,051.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Janet Hayes sold 15,027 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 32,776 shares in the company, valued at $1,630,278.24. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
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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