Sciencast Management LP bought a new position in shares of Williams-Sonoma (NYSE:WSM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,073 shares of the specialty retailer’s stock, valued at approximately $334,000.
Other hedge funds have also bought and sold shares of the company. Elkfork Partners LLC acquired a new position in Williams-Sonoma during the fourth quarter worth $392,000. Raymond James & Associates grew its holdings in Williams-Sonoma by 18.0% during the fourth quarter. Raymond James & Associates now owns 44,687 shares of the specialty retailer’s stock worth $2,310,000 after acquiring an additional 6,831 shares during the period. Ellington Management Group LLC grew its holdings in Williams-Sonoma by 43.8% during the fourth quarter. Ellington Management Group LLC now owns 73,900 shares of the specialty retailer’s stock worth $3,821,000 after acquiring an additional 22,500 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Williams-Sonoma during the fourth quarter worth $837,000. Finally, Guggenheim Capital LLC grew its holdings in Williams-Sonoma by 120.9% during the fourth quarter. Guggenheim Capital LLC now owns 85,275 shares of the specialty retailer’s stock worth $4,410,000 after acquiring an additional 46,663 shares during the period.
Williams-Sonoma stock traded down $1.68 during trading on Friday, hitting $50.30. The company’s stock had a trading volume of 1,288,248 shares, compared to its average volume of 2,217,113. The firm has a market capitalization of $4,234.00, a P/E ratio of 13.93, a PEG ratio of 0.92 and a beta of 0.73. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.38.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Williams-Sonoma had a return on equity of 26.06% and a net margin of 4.90%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. equities analysts predict that Williams-Sonoma will post 4.18 EPS for the current year.
Williams-Sonoma announced that its board has initiated a share repurchase plan on Wednesday, March 14th that authorizes the company to repurchase $286.00 million in shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, April 26th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 3.42%. Williams-Sonoma’s dividend payout ratio is currently 43.21%.
In other news, insider Janet Hayes sold 9,034 shares of the stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $51.66, for a total value of $466,696.44. Following the completion of the sale, the insider now owns 38,563 shares in the company, valued at $1,992,164.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Laura Alber sold 97,965 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $54.21, for a total value of $5,310,682.65. Following the completion of the sale, the chief executive officer now owns 264,621 shares of the company’s stock, valued at approximately $14,345,104.41. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Barclays set a $45.00 target price on Williams-Sonoma and gave the stock a “sell” rating in a research report on Thursday, March 15th. BTIG Research boosted their target price on Williams-Sonoma to $47.00 and gave the stock a “sell” rating in a research report on Thursday, March 15th. Wolfe Research boosted their target price on Williams-Sonoma from $52.00 to $55.00 and gave the stock a “peer perform” rating in a research report on Thursday, March 15th. Finally, Goldman Sachs downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 16th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Williams-Sonoma has an average rating of “Hold” and an average target price of $51.21.
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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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