Pacad Investment Ltd. acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,704 shares of the company’s stock, valued at approximately $1,776,000.
Several other large investors have also recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in shares of Williams-Sonoma by 12.7% in the third quarter. Advisory Services Network LLC now owns 2,091 shares of the company’s stock worth $107,000 after buying an additional 236 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Williams-Sonoma during the fourth quarter worth about $177,000. NEXT Financial Group Inc raised its position in Williams-Sonoma by 25.7% in the third quarter. NEXT Financial Group Inc now owns 3,570 shares of the company’s stock worth $182,000 after buying an additional 730 shares during the period. Brown Advisory Inc. bought a new position in Williams-Sonoma during the fourth quarter worth about $201,000. Finally, Point View Wealth Management Inc. bought a new position in Williams-Sonoma during the third quarter worth about $203,000. 98.01% of the stock is owned by institutional investors and hedge funds.
Williams-Sonoma, Inc. (NYSE:WSM) traded up 3.52% during trading on Tuesday, reaching $48.78. 1,582,187 shares of the company’s stock were exchanged. The company’s 50-day moving average is $48.49 and its 200-day moving average is $50.66. Williams-Sonoma, Inc. has a 1-year low of $45.96 and a 1-year high of $61.97. The company has a market capitalization of $4.29 billion, a PE ratio of 14.51 and a beta of 0.97.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 17th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $1.25 million for the quarter, compared to the consensus estimate of $1.26 billion. Williams-Sonoma had a net margin of 5.93% and a return on equity of 26.59%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post $3.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Thursday, January 26th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.03%. Williams-Sonoma’s payout ratio is 44.18%.
This piece of content was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at http://sleekmoney.com/pacad-investment-ltd-takes-position-in-williams-sonoma-inc-wsm/1661343.html.
A number of research analysts recently issued reports on WSM shares. Zacks Investment Research lowered Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Saturday, January 7th. Oppenheimer Holdings, Inc. lowered Williams-Sonoma from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 26th. Robert W. Baird lowered Williams-Sonoma from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $61.00 to $52.00 in a report on Monday, November 14th. Vetr cut Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.14 target price on the stock. in a research report on Tuesday, November 15th. Finally, Nomura reiterated a “buy” rating and set a $65.00 target price on shares of Williams-Sonoma in a research report on Monday, November 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $56.62.
In other news, insider James W. Jr. Brett sold 16,355 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $54.49, for a total transaction of $891,183.95. Following the transaction, the insider now owns 24,978 shares in the company, valued at approximately $1,361,051.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/pacad-investment-ltd-takes-position-in-williams-sonoma-inc-wsm/1661343.html
Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.