State of Alaska Department of Revenue grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 85.7% during the fourth quarter, HoldingsChannel reports. The firm owned 12,570 shares of the specialty retailer’s stock after purchasing an additional 5,800 shares during the quarter. State of Alaska Department of Revenue’s holdings in Williams-Sonoma were worth $648,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in WSM. Ffcm LLC bought a new stake in shares of Williams-Sonoma during the 3rd quarter valued at about $125,000. Franklin Resources Inc. bought a new stake in shares of Williams-Sonoma during the 2nd quarter valued at about $182,000. Private Trust Co. NA bought a new stake in shares of Williams-Sonoma during the 4th quarter valued at about $203,000. Koch Industries Inc. bought a new stake in shares of Williams-Sonoma during the 2nd quarter valued at about $207,000. Finally, High Falls Advisors Inc boosted its stake in shares of Williams-Sonoma by 7.7% during the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after purchasing an additional 312 shares in the last quarter. 96.62% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Goldman Sachs Group lowered shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Bank of America dropped their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a research note on Friday, November 17th. Morgan Stanley assumed coverage on shares of Williams-Sonoma in a research note on Friday, November 17th. They set a “hold” rating and a $48.00 price objective on the stock. Finally, Oppenheimer reissued a “hold” rating on shares of Williams-Sonoma in a research note on Friday, November 17th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.25.
Williams-Sonoma, Inc. (NYSE:WSM) opened at $50.93 on Friday. The stock has a market cap of $4,290.00, a P/E ratio of 14.43, a PEG ratio of 1.51 and a beta of 0.89. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $55.89.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. equities analysts expect that Williams-Sonoma, Inc. will post 3.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $1.56 annualized dividend and a dividend yield of 3.06%. Williams-Sonoma’s dividend payout ratio is presently 44.19%.
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Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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