Hs Management Partners buys $135.8 Million stake in Williams-Sonoma (WSM)

Williams-Sonoma (WSM) : Hs Management Partners scooped up 482,800 additional shares in Williams-Sonoma during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,580,576 shares of Williams-Sonoma which is valued at $135.8 Million.Williams-Sonoma makes up approximately 5.62% of Hs Management Partners’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in WSM in the latest quarter, The investment management firm added 2,737 additional shares and now holds a total of 343,932 shares of Williams-Sonoma which is valued at $18.1 Million. Williams-Sonoma makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. Omers Administration Corp added WSM to its portfolio by purchasing 4,600 company shares during the most recent quarter which is valued at $242,006. Williams-Sonoma makes up approx 0.01% of Omers Administration Corp’s portfolio. Keybank National Associationoh sold out all of its stake in WSM during the most recent quarter. The investment firm sold 5,902 shares of WSM which is valued $310,504.Bessemer Group Inc reduced its stake in WSM by selling 4,731 shares or 16.39% in the most recent quarter. The Hedge Fund company now holds 24,141 shares of WSM which is valued at $1.3 Million. Williams-Sonoma makes up approx 0.01% of Bessemer Group Inc’s portfolio. Ngam Advisors sold out all of its stake in WSM during the most recent quarter. The investment firm sold 54,110 shares of WSM which is valued $3.1 Million.

Williams-Sonoma opened for trading at $52.28 and hit $52.47 on the upside on Wednesday, eventually ending the session at $52.1, with a gain of 2.40% or 1.22 points. The heightened volatility saw the trading volume jump to 52,00,140 shares. Company has a market cap of $4,645 M.

On the company’s financial health, Williams-Sonoma reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.50. The company had revenue of $1097.82 million for the quarter, compared to analysts expectations of $1078.48 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Williams-Sonoma. Company shares were Reiterated by RBC Capital Mkts on May 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 55 from a previous price target of $54 .Topeka Capital Markets Initiated Williams-Sonoma on May 24, 2016 to “Buy”, Price Target of the shares are set at $62.Shares were Reiterated by Telsey Advisory Group on May 16, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .

Williams-Sonoma Inc. is an e-commerce and multi-channel specialty retailer of products for the home with some brands in home furnishings. The Company operates in two segments: e-commerce and retail. The e-commerce segment has the merchandising strategies which include Williams-Sonoma Pottery Barn Pottery Barn Kids West Elm PBteen Williams-Sonoma Home Rejuvenation and Mark and Graham which sells its products through its e-commerce Websites and direct-mail catalogs. The retail segment has the merchandising strategies which include Williams-Sonoma Pottery Barn Pottery Barn Kids West Elm and Rejuvenation which sells its products through its retail stores. The Company operates retail stores in the United States Canada Puerto Rico Australia and the United Kingdom and franchises its brands to third-parties in various countries in the Middle East and the Philippines. The Company’s products are also available to customers through its catalogs and online across the world.

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