First Long Island Investors adds Williams-Sonoma (WSM) to its portfolio

Williams-Sonoma (WSM) : First Long Island Investors added new position in Williams-Sonoma during the most recent quarter end. The investment management firm now holds 138,847 shares of Williams-Sonoma which is valued at $7,351,949 , the company said in a statement filed on Nov 14, 2016 with the SEC.Williams-Sonoma makes up approximately 1.35% of First Long Island Investors’s portfolio.

Other Hedge Funds, Including , Everpoint Asset Management sold out all of its stake in WSM during the most recent quarter. The investment firm sold 313,255 shares of WSM which is valued $16,586,852.Commonwealth Equity Services Inc boosted its stake in WSM in the latest quarter, The investment management firm added 5,517 additional shares and now holds a total of 76,386 shares of Williams-Sonoma which is valued at $3,565,698. Williams-Sonoma makes up approx 0.03% of Commonwealth Equity Services Inc’s portfolio.Louisiana State Employees Retirement System reduced its stake in WSM by selling 700 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 21,200 shares of WSM which is valued at $989,616. Williams-Sonoma makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.Btim Corp. boosted its stake in WSM in the latest quarter, The investment management firm added 373,572 additional shares and now holds a total of 480,429 shares of Williams-Sonoma which is valued at $22,839,595. Williams-Sonoma makes up approx 0.38% of Btim Corp.’s portfolio.

Williams-Sonoma closed down -0.68 points or -1.27% at $52.94 with 52,39,013 shares getting traded on Monday. Post opening the session at $50.81, the shares hit an intraday low of $50.81 and an intraday high of $54.49 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Williams-Sonoma reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $0.77. The company had revenue of $1.25 million for the quarter, compared to analysts expectations of $1262.14 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Williams-Sonoma. Shares were Reiterated by Telsey Advisory Group on Nov 18, 2016 to “Outperform” and Lowered the Price Target to $ 61 from a previous price target of $63 .Shares were Downgraded by Robert W. Baird on Nov 14, 2016 to ” Neutral” and Lowered the Price Target to $ 52 from a previous price target of $61 .Williams-Sonoma was Downgraded by Oppenheimer to ” Perform” on Oct 26, 2016.

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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