Point View Wealth Management Inc. Has $908,000 Stake in Williams-Sonoma, Inc. (WSM)

Point View Wealth Management Inc. trimmed its position in Williams-Sonoma, Inc. (NYSE:WSM) by 5.0% during the first quarter, HoldingsChannel reports. The firm owned 16,138 shares of the specialty retailer’s stock after selling 855 shares during the period. Point View Wealth Management Inc.’s holdings in Williams-Sonoma were worth $908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WSM. Oregon Public Employees Retirement Fund raised its holdings in shares of Williams-Sonoma by 5,231.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 1,587,286 shares in the last quarter. Pinnacle Bank acquired a new stake in shares of Williams-Sonoma in the 4th quarter valued at $36,000. Truvestments Capital LLC acquired a new stake in shares of Williams-Sonoma in the 1st quarter valued at $55,000. Kessler Investment Group LLC acquired a new stake in shares of Williams-Sonoma in the 1st quarter valued at $64,000. Finally, IFP Advisors Inc raised its holdings in shares of Williams-Sonoma by 108.0% in the 4th quarter. IFP Advisors Inc now owns 1,504 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 781 shares in the last quarter.

Shares of Williams-Sonoma stock opened at $54.86 on Monday. Williams-Sonoma, Inc. has a 1 year low of $45.01 and a 1 year high of $73.99. The company has a current ratio of 1.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.66 and a beta of 0.93.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.13. Williams-Sonoma had a net margin of 5.88% and a return on equity of 32.48%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $1.68 EPS. Williams-Sonoma’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts forecast that Williams-Sonoma, Inc. will post 4.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 26th will be given a dividend of $0.48 per share. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, April 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.05%.

WSM has been the topic of several research analyst reports. Morgan Stanley lowered shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and set a $51.01 price target on the stock. in a research note on Wednesday, January 23rd. Royal Bank of Canada lifted their price target on shares of Williams-Sonoma to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 21st. William Blair reiterated a “market perform” rating on shares of Williams-Sonoma in a research note on Thursday, March 21st. JPMorgan Chase & Co. cut their price target on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating on the stock in a research note on Monday, March 18th. Finally, Evercore ISI initiated coverage on shares of Williams-Sonoma in a research note on Wednesday, March 20th. They set an “in-line” rating and a $60.00 price target on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $59.42.

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Williams-Sonoma 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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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