ARP Americas LP Makes New Investment in Williams-Sonoma, Inc. (NYSE:WSM)

ARP Americas LP purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,535 shares of the specialty retailer’s stock, valued at approximately $372,000.

A number of other institutional investors also recently added to or reduced their stakes in WSM. Huntington National Bank increased its position in Williams-Sonoma by 53.9% during the second quarter. Huntington National Bank now owns 374 shares of the specialty retailer’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Arden Trust Co purchased a new stake in shares of Williams-Sonoma in the first quarter valued at $32,000. Nvwm LLC purchased a new stake in shares of Williams-Sonoma in the first quarter valued at $37,000. Beese Fulmer Investment Management Inc. purchased a new stake in shares of Williams-Sonoma in the second quarter valued at $41,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Williams-Sonoma in the first quarter valued at $56,000. 99.52% of the stock is owned by institutional investors.

Shares of WSM traded down $0.53 during midday trading on Friday, reaching $87.12. 935,713 shares of the company were exchanged, compared to its average volume of 901,615. The stock has a 50-day moving average price of $84.08 and a 200-day moving average price of $68.42. The company has a market cap of $6.77 billion, a price-to-earnings 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 company has a current ratio of 1.28, a quick ratio of 0.64 and a debt-to-equity ratio of 1.16.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, May 28th. The specialty retailer reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.70. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Williams-Sonoma had a return on equity of 31.92% and a net margin of 5.75%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Williams-Sonoma, Inc. will post 4.55 earnings per share for the current year.

The firm also recently declared 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 of this dividend is Thursday, July 23rd. Williams-Sonoma’s dividend payout ratio (DPR) is 39.67%.

In related news, Director Grace Puma Whiteford sold 6,187 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $85.63, for a total value of $529,792.81. Following the transaction, the director now owns 8,962 shares in the company, valued at $767,416.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of $84.55, for a total value of $1,691,000.00. Following the completion of the transaction, the chief executive officer now owns 489,061 shares in the company, valued at approximately $41,350,107.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,742 shares of company stock worth $10,708,945. Insiders own 1.50% of the company’s stock.

A number of equities research analysts have recently commented on the company. Oppenheimer assumed coverage on Williams-Sonoma in a research report on Tuesday, June 16th. They issued a “buy” rating and a $90.00 price objective for the company. Royal Bank of Canada lifted their price objective on Williams-Sonoma from $70.00 to $76.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Stifel Nicolaus lifted their price objective on Williams-Sonoma from $40.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Morgan Stanley lifted their price objective on Williams-Sonoma from $37.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, May 29th. Finally, Wedbush lifted their target price on Williams-Sonoma from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Four 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 currently has a consensus rating of “Hold” and a consensus price target of $75.84.

Williams-Sonoma Company Profile

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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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