Stonebridge Capital Management Inc. trimmed its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 1.5% during the first quarter, HoldingsChannel.com reports. The fund owned 35,520 shares of the specialty retailer’s stock after selling 550 shares during the period. Williams-Sonoma makes up approximately 2.4% of Stonebridge Capital Management Inc.’s holdings, making the stock its 14th biggest position. Stonebridge Capital Management Inc.’s holdings in Williams-Sonoma were worth $6,365,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Williams-Sonoma by 1.8% in the 4th quarter. BlackRock Inc. now owns 6,616,543 shares of the specialty retailer’s stock worth $673,829,000 after acquiring an additional 114,410 shares during the last quarter. Aristotle Capital Management LLC grew its holdings in shares of Williams-Sonoma by 1.4% in the 4th quarter. Aristotle Capital Management LLC now owns 5,193,199 shares of the specialty retailer’s stock worth $528,875,000 after acquiring an additional 72,542 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of Williams-Sonoma by 40.4% in the 4th quarter. Select Equity Group L.P. now owns 2,458,002 shares of the specialty retailer’s stock worth $250,323,000 after acquiring an additional 707,625 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Williams-Sonoma by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,121,784 shares of the specialty retailer’s stock worth $114,242,000 after acquiring an additional 56,643 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Williams-Sonoma by 24.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,021,215 shares of the specialty retailer’s stock worth $104,001,000 after buying an additional 202,615 shares during the period. Institutional investors and hedge funds own 98.58% of the company’s stock.
WSM has been the subject of several recent analyst reports. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Monday, March 22nd. Morgan Stanley raised their target price on Williams-Sonoma from $130.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 24th. Oppenheimer reissued a “hold” rating and set a $136.00 price objective on shares of Williams-Sonoma in a research report on Thursday, March 18th. UBS Group cut Williams-Sonoma from a “neutral” rating to a “sell” rating and set a $110.00 price objective for the company. in a research report on Monday, February 1st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Williams-Sonoma in a research report on Monday, March 15th. They set a “neutral” rating and a $127.00 price objective for the company. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $146.25.
NYSE:WSM traded up $5.81 during trading hours on Thursday, hitting $184.42. 9,019 shares of the stock were exchanged, compared to its average volume of 1,508,502. The company’s 50 day moving average is $149.89 and its two-hundred day moving average is $118.33. Williams-Sonoma, Inc. has a twelve month low of $45.58 and a twelve month high of $188.23. The company has a quick ratio of 0.73, a current ratio of 1.36 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $14.05 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 2.61 and a beta of 1.63.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Tuesday, March 16th. The specialty retailer reported $3.95 EPS for the quarter, beating the consensus estimate of $3.22 by $0.73. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Williams-Sonoma had a net margin of 6.83% and a return on equity of 36.53%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. On average, equities research analysts expect that Williams-Sonoma, Inc. will post 6.38 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, April 23rd will be paid a $0.59 dividend. The ex-dividend date is Thursday, April 22nd. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 1.28%. Williams-Sonoma’s dividend payout ratio is presently 43.80%.
In related news, CEO Laura Alber sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 12th. The shares were sold at an average price of $115.36, for a total value of $1,730,400.00. Following the completion of the transaction, the chief executive officer now directly owns 414,294 shares of the company’s stock, valued at approximately $47,792,955.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan Ross sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $180.00, for a total transaction of $795,600.00. Following the completion of the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at $1,954,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,420 shares of company stock valued at $3,793,700. Company insiders own 1.50% of the company’s stock.
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as 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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