Valeo Financial Advisors LLC to Purchase New Position in Williams-Sonoma (NYSE:WSM)

Financial Advisors


Valeo Financial Advisors LLC purchased a new stake in Williams-Sonoma (NYSE:WSM – Free Report) in the first quarter, according to its latest filing with the Securities and Exchange Commission. The company purchased 2,137 shares of the specialty retailer, worth approximately $260,000.

Several other institutional investors have also recently bought and sold shares. Whittier Trust Co. increased Williams’ stake in his Sonoma shares by 210.0% during the fourth quarter. Whittier Trust Co. purchased another 210 shares during the period and now owns 310 shares of the specialty retailer worth $36,000. Trexquant Investment LP acquired a new position in Williams-Sonoma stock valued at approximately $3,903,000 in the third quarter. Westpac Banking Corp. increased its stake in Williams-Sonoma shares by 1.4% in the fourth quarter. Westpac Banking Corp purchased an additional 338 shares during the period and now owns 23,867 shares of the specialty retailer worth $2,743,000. Carolina Wealth Advisors LLC acquired a new position in Williams-Sonoma stock worth approximately $3,429,000 in the first quarter. Finally, Raymond James Financial Services Advisors increased its shares in Williams-Sonoma shares by 51.1% during the fourth quarter. Raymond James Financial Services Advisors, Inc. purchased an additional 10,013 shares during the period and now owns 29,613 shares of the specialty retailer, valued at $3,403,000. Currently 98.90% of the shares are owned by hedge funds and other institutional investors.

Williams-Sonoma deal up 1.7%

WSM opened at $125.18 on Friday. The stock has a 50-day moving average price of $119.11 and a 200-day moving average price of $121.50. Williams-Sonoma shares hit a 12-month low of $109.22 and a high of $176.89. The company has a market cap of $8.04 billion, an 8.22x price/earnings ratio, a 0.93x PEG ratio, and a 1.61x beta.

Williams-Sonoma (NYSE:WSM – Free Report) last reported earnings on Tuesday, May 23rd. The specialty retailer reported earnings per share (EPS) of $2.64 for the quarter, beating consensus expectations of $2.41 by $0.23. Williams-Sonoma’s return on equity was 72.68% and net profit margin was 12.07%. The company posted $1.76 billion in revenue for the quarter, up from $1.8 billion expected by analysts. His EPS for the company in the same period last year was his $3.50. Sales at Williams-Sonoma declined 7.2% year-over-year. On average, research analysts expect Williams-Sonoma to earn $13.49 per share this year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend to be paid on Friday, August 25. Investors registered on Friday, July 21, will be paid a dividend of $0.90 per share. This equates to an annual dividend of $3.60 and a yield of 2.88%. The ex-dividend date for this dividend will be Thursday, July 20. Williams-Sonoma payout ratio is 23.65%.

Wall Street analysts forecast growth

WSM has been the subject of several research analysis reports. Guggenheim reaffirmed its Neutral rating on Williams-Sonoma shares in a research note on Tuesday, March 21. Citigroup lowered its price target for Williams-Sonoma to $123.00 from $127.00 in a research report on Thursday, May 18. Barclays lowered its price target on Williams-Sonoma to $126.00 from $135.00 in a research report on Wednesday, May 24. StockNews.com upgraded Williams-Sonoma’s rating from ‘hold’ to ‘buy’ in a research report on Thursday, June 22nd. Finally, Wedbush raised his price target on Williams-Sonoma from $110.00 to $115.00, giving the stock a Neutral rating in its research report on Thursday, March 9. Four investment analysts rated the stock “sell”, six “hold” and five “buy”. Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $126.69, based on Marketbeat data.

Williams-Sonoma company profile

(free report)

Williams-Sonoma, Inc. operates as an omnichannel specialty retailer of a variety of products for the home. The Williams Sonoma Home brand offers cooking, dining and entertainment products including cookware, tools, appliances, cutlery, tabletops, bars, outdoor, furniture and cookbook libraries, as well as home furnishings and decorative accessories. Offered under the home brand. Williams-Sonoma lifestyle brand. We also sell Pottery Barn branded furniture, bedding, lighting, rugs, tableware and decorative accessories.

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

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