Stonebridge Capital Management Inc. decreased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,520 shares of the specialty retailer’s stock after selling 550 shares during the period. Williams-Sonoma comprises approximately 2.4% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Stonebridge Capital Management Inc.’s holdings in Williams-Sonoma were worth $6,365,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Simon Quick Advisors LLC purchased a new position in Williams-Sonoma in the 4th quarter valued at $28,000. DB Wealth Management Group LLC purchased a new position in Williams-Sonoma in the 4th quarter valued at $28,000. JJJ Advisors Inc. lifted its holdings in Williams-Sonoma by 594.0% in the 4th quarter. JJJ Advisors Inc. now owns 347 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 297 shares in the last quarter. Twin Tree Management LP purchased a new position in Williams-Sonoma in the 4th quarter valued at $39,000. Finally, Optimum Investment Advisors purchased a new position in Williams-Sonoma in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 98.58% of the company’s stock.
In related news, CEO Laura Alber sold 10,000 shares of the company’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $126.77, for a total transaction of $1,267,700.00. Following the transaction, the chief executive officer now owns 399,620 shares of the company’s stock, valued at $50,659,827.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Ross sold 4,420 shares of the business’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $180.00, for a total value of $795,600.00. Following the sale, the insider now owns 10,860 shares in the company, valued at $1,954,800. The disclosure for this sale can be found here. Insiders have sold 29,420 shares of company stock worth $3,793,700 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
A number of brokerages recently issued reports on WSM. Loop Capital raised their price objective on Williams-Sonoma from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, March 18th. Barclays raised their price objective on Williams-Sonoma from $144.00 to $187.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 24th. Wells Fargo & Company raised their price objective on Williams-Sonoma from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 23rd. Wedbush raised their price objective on Williams-Sonoma from $132.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, March 18th. Finally, Gordon Haskett raised Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Wednesday, March 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $146.25.
Shares of NYSE:WSM traded up $5.81 during trading on Thursday, reaching $184.42. The company had a trading volume of 9,019 shares, compared to its average volume of 1,508,502. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.61 and a beta of 1.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.36 and a quick ratio of 0.73. The stock’s fifty day moving average price is $149.89 and its 200 day moving average price is $118.33. Williams-Sonoma, Inc. has a fifty-two week low of $45.58 and a fifty-two week high of $188.23.
Williams-Sonoma (NYSE:WSM) last released its earnings results on Tuesday, March 16th. The specialty retailer reported $3.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.22 by $0.73. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.18 billion. Williams-Sonoma had a return on equity of 36.53% and a net margin of 6.83%. The company’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 earnings per share. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 6.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Friday, April 23rd will be issued a $0.59 dividend. The ex-dividend date is Thursday, April 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.53. Williams-Sonoma’s payout ratio is presently 43.80%.
Williams-Sonoma Company Profile
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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