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. 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.


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Williams-Sonoma (NYSE:WSM) Quarterly Institutional Ownership

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