Dalton Greiner Hartman Maher & Co. Sells 17,757 Shares of Williams-Sonoma, Inc. (WSM)
Dalton Greiner Hartman Maher & Co. trimmed its position in Williams-Sonoma, Inc. (NYSE:WSM) by 10.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 146,615 shares of the specialty retailer’s stock after selling 17,757 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Williams-Sonoma were worth $7,580,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ffcm LLC acquired a new position in shares of Williams-Sonoma in the 3rd quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Williams-Sonoma by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,911 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 274 shares during the period. Franklin Resources Inc. acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at $182,000. Koch Industries Inc. acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at $207,000. Finally, High Falls Advisors Inc lifted its stake in shares of Williams-Sonoma by 7.7% in the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 96.62% of the company’s stock.
A number of research analysts have recently weighed in on WSM shares. Robert W. Baird set a $48.00 price target on Williams-Sonoma and gave the company a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group reissued a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Zacks Investment Research raised Williams-Sonoma from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research note on Monday, October 9th. Finally, Morgan Stanley started coverage on Williams-Sonoma in a research note on Friday, November 17th. They issued a “hold” rating and a $48.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Williams-Sonoma presently has a consensus rating of “Hold” and an average price target of $51.25.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. equities research analysts predict that Williams-Sonoma, Inc. will post 3.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s payout ratio is presently 44.19%.
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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.
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