USA Financial Portformulas Corp cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 31.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,560 shares of the specialty retailer’s stock after selling 3,937 shares during the period. USA Financial Portformulas Corp’s holdings in Williams-Sonoma were worth $443,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. First Long Island Investors LLC increased its stake in Williams-Sonoma by 0.4% during the fourth quarter. First Long Island Investors LLC now owns 238,382 shares of the specialty retailer’s stock worth $12,324,000 after purchasing an additional 992 shares during the period. Ironwood Investment Management LLC grew its position in shares of Williams-Sonoma by 11.1% during the fourth quarter. Ironwood Investment Management LLC now owns 10,739 shares of the specialty retailer’s stock worth $555,000 after buying an additional 1,075 shares in the last quarter. Hutchinson Capital Management CA grew its position in shares of Williams-Sonoma by 0.3% during the fourth quarter. Hutchinson Capital Management CA now owns 355,512 shares of the specialty retailer’s stock worth $18,380,000 after buying an additional 1,163 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Williams-Sonoma by 11.1% during the third quarter. Pacer Advisors Inc. now owns 12,791 shares of the specialty retailer’s stock worth $638,000 after buying an additional 1,281 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Williams-Sonoma by 0.4% during the third quarter. Principal Financial Group Inc. now owns 343,847 shares of the specialty retailer’s stock worth $17,144,000 after buying an additional 1,289 shares in the last quarter.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded up $0.96 during midday trading on Wednesday, reaching $53.70. The company’s stock had a trading volume of 4,473,002 shares, compared to its average volume of 1,730,000. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $55.89. The stock has a market capitalization of $4,520.00, a PE ratio of 15.21, a P/E/G ratio of 1.31 and a beta of 0.82.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Tuesday, March 13th. The specialty retailer reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. equities analysts anticipate that Williams-Sonoma, Inc. will post 3.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.20%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s payout ratio is currently 44.19%.
A number of equities analysts have recently commented on WSM shares. Jefferies Group reissued a “hold” rating on shares of Williams-Sonoma in a research report on Sunday, November 19th. Zacks Investment Research raised Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Morgan Stanley started coverage on Williams-Sonoma in a research report on Friday, November 17th. They set a “hold” rating and a $48.00 price objective for the company. JPMorgan Chase & Co. downgraded Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a research report on Friday, November 17th. Finally, Goldman Sachs Group downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 16th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.20.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/03/14/usa-financial-portformulas-corp-sells-3937-shares-of-williams-sonoma-inc-wsm.html.
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.
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.