AlphaCrest Capital Management LLC Cuts Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Posted by Defense World Staff on Mar 9th, 2023

AlphaCrest Capital Management LLC lessened its position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 67.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,904 shares of the specialty retailer’s stock after selling 10,283 shares during the period. AlphaCrest Capital Management LLC’s holdings in Williams-Sonoma were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Williams-Sonoma by 17.6% during the 2nd quarter. FMR LLC now owns 7,104,812 shares of the specialty retailer’s stock worth $788,279,000 after purchasing an additional 1,064,242 shares during the period. First Trust Advisors LP grew its stake in Williams-Sonoma by 24.1% during the first quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after buying an additional 273,424 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Williams-Sonoma by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 904,454 shares of the specialty retailer’s stock worth $106,608,000 after acquiring an additional 22,284 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Williams-Sonoma by 36.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 640,563 shares of the specialty retailer’s stock valued at $71,071,000 after acquiring an additional 170,511 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Williams-Sonoma by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 421,956 shares of the specialty retailer’s stock valued at $45,655,000 after acquiring an additional 21,316 shares during the period. 99.49% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Trading Down 0.6 %

Shares of NYSE WSM opened at $123.89 on Thursday. The business has a 50 day simple moving average of $126.35 and a 200-day simple moving average of $127.03. Williams-Sonoma, Inc. has a twelve month low of $101.58 and a twelve month high of $176.89. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, January 20th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.52%. Williams-Sonoma’s dividend payout ratio (DPR) is 18.91%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WSM. Royal Bank of Canada lowered their price target on Williams-Sonoma from $192.00 to $151.00 and set an “outperform” rating for the company in a report on Friday, November 18th. Wells Fargo & Company reduced their price target on Williams-Sonoma from $170.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, November 18th. Cowen lowered their price objective on shares of Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, November 18th. Needham & Company LLC assumed coverage on shares of Williams-Sonoma in a research note on Tuesday, December 13th. They set a “hold” rating on the stock. Finally, StockNews.com raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $128.88.

Williams-Sonoma Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.