MainStreet Investment Advisors LLC invests $267,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Financial Advisors


MainStreet Investment Advisors LLC purchased new shares in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) in the fourth quarter, according to a recent disclosure to the Securities and Exchange Commission, the company said: says. The Fund purchased 2,322 shares of specialty retailer stock valued at approximately $267,000.

Several other institutional investors and hedge funds have also bought and sold shares in the company. Grace & White Inc. NY raised his Williams-Sonoma stake by 2.0% in the fourth quarter. After acquiring an additional 775 shares during the period, Grace & White Inc. NY now owns 40,190 shares of the specialty retailer worth $4,619,000. Raymond James Trust NA acquired a new position in Williams-Sonoma in the fourth quarter worth approximately $342,000. Nisa Investment Advisors LLC raised his Williams-Sonoma stake by 2.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 68,861 shares of the specialty retailer worth $7,914,000 after purchasing an additional 1,765 of his shares during the previous quarter. ProShare Advisors LLC increased its shares in Williams-Sonoma by 46.7% in the fourth quarter. ProShare Advisors LLC now owns 283,773 shares of specialty retailer stock valued at $32,611,000 after purchasing an additional 90,375 shares during the previous quarter. Finally, Dfpg Investments LLC acquired a new stake in his Williams-Sonoma worth $979,000 in the fourth quarter. Institutional investors own 99.49% of the company’s shares.

Williams Sonoma trade up 0.6%

NYSE WSM shares opened Friday at $122.15. The company has a market capitalization of $8.02 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.89 and a beta of 1.62. The company has a 50-day moving average price of $122.13 and a 200-day moving average price of $122.17. Williams-Sonoma, Inc. has a one-year low of $101.58 and a one-year high of $176.89.

Williams-Sonoma (NYSE:WSM – Get Rating) last reported quarterly results on Thursday, March 16. The specialty retailer posted earnings per share of $5.50 for the quarter, beating analysts’ consensus forecast of $5.41 by $0.09. Williams-Sonoma had a return on equity of 80.17% and a net profit margin of 13.00%. The business had revenue of $2.45 billion in the quarter, compared to consensus expectations of $2.6 billion. During the same period last year, the business earned his EPS of $5.42. The company’s revenue for the quarter fell 1.9% year-on-year. Equity research analysts expect Williams-Sonoma to post his 13.52 EPS this year.

Williams-Sonoma increases dividend

The company also recently announced a quarterly dividend payable on Friday, May 26th. Investors of record on Friday, April 21 will receive a dividend of $0.90. The ex-dividend date for this dividend is Thursday, April 20. This represents his $3.60 dividend and his 2.95% yield on an annualized basis. This is up from Williams-Sonoma’s previous quarterly dividend of $0.78. Williams-Sonoma’s Dividend Payout Ratio (DPR) is currently 19.06%.

Wall Street analyst opinion

Recently, several brokerage firms have considered WSM. StockNews.com lowered Williams-Sonoma’s rating from ‘buy’ to ‘hold’ in a research report on Friday, March 24. Loop Capital lowered its price target on Williams-Sonoma stock to $185.00 from $205.00 in its report on Friday, March 17. Royal Bank of Canada lowered its price target on Williams-Sonoma shares to $143.00 from $151.00, giving it an “outperform” rating in its research notes on Friday, March 17. Guggenheim reiterated its “neutral” rating on Williams-Sonoma shares in a research report on Tuesday, March 21. Finally, Robert W. Baird lowered his price target on Williams-Sonoma stock from his $140.00 to his $130.00 in a research note on Friday, March 17. Five equity research analysts gave a sell rating, eight assigned a hold rating, and four assigned a buy rating to the company’s stock. According to MarketBeat data, the company’s current consensus valuation is “Hold” with a consensus target price of $127.47.

About Williams-Sonoma

(get rating)

Williams-Sonoma, Inc is engaged in the retail of household goods. It operates through the Pottery Barn, West Elm, Williams-Sonoma, Pottery Barn Kids, Teens, and Other segments. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.

References

Want to know which other hedge funds hold WSM? Visit HoldingsChannel.com to get the latest Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) 13F filings and insider trading.

Williams-Sonoma (NYSE:WSM) Quarterly Institutional Ownership

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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