Swiss National Bank Sells 4,200 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Posted by on May 13th, 2023

Swiss National Bank reduced its position in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 161,900 shares of the specialty retailer’s stock after selling 4,200 shares during the period. Swiss National Bank owned 0.24% of Williams-Sonoma worth $18,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Credit Suisse AG boosted its stake in Williams-Sonoma by 6.4% in the third quarter. Credit Suisse AG now owns 95,107 shares of the specialty retailer’s stock valued at $11,208,000 after acquiring an additional 5,680 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Williams-Sonoma by 210.0% in the 4th quarter. Whittier Trust Co. now owns 310 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 210 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Williams-Sonoma during the third quarter worth $3,903,000. Quadrant Capital Group LLC increased its holdings in Williams-Sonoma by 159.2% in the third quarter. Quadrant Capital Group LLC now owns 1,060 shares of the specialty retailer’s stock valued at $125,000 after purchasing an additional 651 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Williams-Sonoma by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 154,241 shares of the specialty retailer’s stock valued at $18,177,000 after buying an additional 1,057 shares during the period. Institutional investors own 99.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WSM shares. Loop Capital lowered their price target on Williams-Sonoma from $205.00 to $185.00 in a research note on Friday, March 17th. StockNews.com lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, March 24th. Royal Bank of Canada decreased their price target on shares of Williams-Sonoma from $151.00 to $143.00 and set an “outperform” rating for the company in a report on Friday, March 17th. Telsey Advisory Group dropped their price objective on Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. Finally, Robert W. Baird reduced their target price on Williams-Sonoma from $140.00 to $130.00 in a report on Friday, March 17th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $127.47.

Williams-Sonoma Trading Up 0.6 %

Shares of WSM opened at $113.93 on Friday. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.86 and a beta of 1.61. Williams-Sonoma, Inc. has a 12 month low of $101.58 and a 12 month high of $176.89. The firm has a fifty day simple moving average of $118.91 and a 200 day simple moving average of $121.76.

Williams-Sonoma (NYSE:WSM – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The specialty retailer reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $0.09. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.60 billion. Williams-Sonoma had a net margin of 13.00% and a return on equity of 80.17%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $5.42 EPS. As a group, research analysts predict that Williams-Sonoma, Inc. will post 13.48 earnings per share for the current fiscal year.

Williams-Sonoma Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, April 21st will be given a dividend of $0.90 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, April 20th. This represents a $3.60 annualized dividend and a dividend yield of 3.16%. Williams-Sonoma’s payout ratio is 21.99%.

About Williams-Sonoma

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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.

See Also

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

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