Roberts Wealth Advisors LLC increased its holdings in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 7.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,612 shares of the specialty retailer’s stock after purchasing an additional 659 shares during the period. Roberts Wealth Advisors LLC’s holdings in Williams-Sonoma were worth $1,096,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $28,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $32,000. Private Trust Co. NA purchased a new stake in Williams-Sonoma during the 2nd quarter valued at $41,000. Tobam purchased a new stake in Williams-Sonoma during the 3rd quarter valued at $54,000. Finally, Clearstead Advisors LLC boosted its position in Williams-Sonoma by 4,416.7% during the 2nd quarter. Clearstead Advisors LLC now owns 542 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 530 shares during the period. Hedge funds and other institutional investors own 99.49% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on WSM shares. Cowen dropped their price target on shares of Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, November 18th. Barclays cut shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $192.00 to $114.00 in a research report on Monday, November 21st. Wedbush increased their price target on shares of Williams-Sonoma from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, March 9th. The Goldman Sachs Group dropped their price target on shares of Williams-Sonoma from $123.00 to $109.00 and set a “sell” rating for the company in a research report on Monday, December 12th. Finally, Robert W. Baird dropped their price target on shares of Williams-Sonoma from $140.00 to $130.00 in a research report on Friday. Five analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $127.47.
Williams-Sonoma Stock Performance
Williams-Sonoma (NYSE:WSM – Get Rating) last issued its quarterly earnings results on Thursday, March 16th. The specialty retailer reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $0.09. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.60 billion. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. Williams-Sonoma’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $5.42 EPS. As a group, analysts predict that Williams-Sonoma, Inc. will post 13.47 EPS for the current year.
Williams-Sonoma Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 21st will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.08%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, April 20th. Williams-Sonoma’s dividend payout ratio is 18.91%.
Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.
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