Cardinal Capital Management Inc. Invests $548,000 in Williams-Sonoma, Inc. (WSM) Stock
Cardinal Capital Management Inc. acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,600 shares of the specialty retailer’s stock, valued at approximately $548,000.
Other institutional investors have also made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in Williams-Sonoma in the 2nd quarter worth about $395,000. Alpha Windward LLC lifted its stake in Williams-Sonoma by 23,087.0% in the 3rd quarter. Alpha Windward LLC now owns 10,666 shares of the specialty retailer’s stock worth $532,000 after acquiring an additional 10,620 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Williams-Sonoma by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 246,030 shares of the specialty retailer’s stock worth $12,267,000 after acquiring an additional 16,086 shares in the last quarter. Oxbow Advisors LLC lifted its stake in Williams-Sonoma by 3.7% in the 3rd quarter. Oxbow Advisors LLC now owns 35,312 shares of the specialty retailer’s stock worth $1,761,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Williams-Sonoma by 6.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 63,325 shares of the specialty retailer’s stock worth $3,157,000 after acquiring an additional 3,792 shares in the last quarter.
Williams-Sonoma, Inc. (WSM) traded up $0.54 on Thursday, hitting $54.39. The stock had a trading volume of 1,319,500 shares, compared to its average volume of 1,232,509. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $55.89. The stock has a market cap of $4,570.00, a P/E ratio of 15.41, a PEG ratio of 1.57 and a beta of 0.89.
The business 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, January 24th. Williams-Sonoma’s payout ratio is 44.19%.
Several brokerages recently issued reports on WSM. Goldman Sachs Group downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday. Zacks Investment Research downgraded Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Jefferies Group reissued a “hold” rating and issued a $49.00 price objective on shares of Williams-Sonoma in a research note on Thursday, September 28th. Stifel Nicolaus started coverage on Williams-Sonoma in a research note on Thursday, October 12th. They issued a “hold” rating and a $54.00 price objective for the company. Finally, TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research note on Monday, October 9th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.25.
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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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