Smithbridge Asset Management Inc. DE boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,850 shares of the specialty retailer’s stock after acquiring an additional 815 shares during the quarter. Williams-Sonoma comprises about 1.8% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 26th largest holding. Smithbridge Asset Management Inc. DE owned approximately 0.06% of Williams-Sonoma worth $2,918,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of Williams-Sonoma by 1.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,480 shares of the specialty retailer’s stock worth $731,000 after buying an additional 199 shares during the period. Occidental Asset Management LLC lifted its position in shares of Williams-Sonoma by 4.8% during the 4th quarter. Occidental Asset Management LLC now owns 5,250 shares of the specialty retailer’s stock worth $265,000 after buying an additional 242 shares in the last quarter. Bell & Brown Wealth Advisors LLC lifted its position in shares of Williams-Sonoma by 1.3% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 20,245 shares of the specialty retailer’s stock worth $1,021,000 after buying an additional 250 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Williams-Sonoma by 0.6% during the 4th quarter. Arizona State Retirement System now owns 57,530 shares of the specialty retailer’s stock worth $2,902,000 after buying an additional 332 shares in the last quarter. Finally, Vision Capital Management Inc. lifted its position in shares of Williams-Sonoma by 2.2% during the 4th quarter. Vision Capital Management Inc. now owns 18,783 shares of the specialty retailer’s stock worth $948,000 after buying an additional 399 shares in the last quarter.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. Royal Bank of Canada increased their price target on shares of Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a report on Thursday, March 21st. William Blair reiterated a “market perform” rating on shares of Williams-Sonoma in a report on Thursday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating on the stock in a report on Monday, March 18th. Finally, Morgan Stanley cut shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and set a $51.01 target price on the stock. in a report on Wednesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $59.33.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.13. Williams-Sonoma had a return on equity of 32.48% and a net margin of 5.88%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business posted $1.68 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Williams-Sonoma, Inc. will post 4.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 26th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, April 25th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.43. Williams-Sonoma’s dividend payout ratio (DPR) is presently 38.57%.
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Williams-Sonoma Company Profile
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including 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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