Williams-Sonoma, Inc. (WSM) Shares Sold by Factory Mutual Insurance Co.
Factory Mutual Insurance Co. reduced its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 8.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 330,000 shares of the specialty retailer’s stock after selling 30,000 shares during the period. Factory Mutual Insurance Co. owned 0.38% of Williams-Sonoma worth $17,695,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Creative Planning boosted its stake 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 in the last quarter. Franklin Resources Inc. bought a new stake in Williams-Sonoma during the fourth quarter valued at about $123,000. Massmutual Trust Co. FSB ADV bought a new stake in Williams-Sonoma during the fourth quarter valued at about $177,000. Private Trust Co. NA bought a new stake in Williams-Sonoma during the first quarter valued at about $210,000. Finally, Girard Securities Inc. bought a new stake in Williams-Sonoma during the fourth quarter valued at about $200,000. 98.01% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma, Inc. (NYSE:WSM) traded down 0.38% during trading on Friday, reaching $54.71. 1,148,501 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $51.08 and its 200-day moving average price is $50.29. Williams-Sonoma, Inc. has a 52-week low of $45.96 and a 52-week high of $61.97. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.04 and a beta of 0.97.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 15th. The specialty retailer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.51 by $0.04. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. Equities analysts expect that Williams-Sonoma, Inc. will post $3.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, April 28th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, April 26th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.37. Williams-Sonoma’s dividend payout ratio is presently 44.18%.
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Several equities research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 target price on shares of Williams-Sonoma in a research report on Thursday, March 16th. Instinet reissued a “buy” rating and issued a $65.00 target price on shares of Williams-Sonoma in a research report on Tuesday, March 14th. Wedbush reissued a “neutral” rating and issued a $48.00 target price on shares of Williams-Sonoma in a research report on Thursday, March 16th. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Finally, Vetr upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $54.25 price target on the stock in a report on Monday, December 26th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $56.06.
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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