Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,800 shares of the specialty retailer’s stock after acquiring an additional 10,100 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.06% of Williams-Sonoma worth $2,260,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in Williams-Sonoma by 5,231.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 1,587,286 shares during the last quarter. IMS Capital Management purchased a new position in Williams-Sonoma in the third quarter worth approximately $33,000. IFP Advisors Inc raised its holdings in Williams-Sonoma by 108.0% during the fourth quarter. IFP Advisors Inc now owns 1,504 shares of the specialty retailer’s stock worth $75,000 after purchasing an additional 781 shares in the last quarter. Csenge Advisory Group acquired a new stake in Williams-Sonoma during the third quarter worth approximately $124,000. Finally, NEXT Financial Group Inc raised its holdings in Williams-Sonoma by 130.9% during the fourth quarter. NEXT Financial Group Inc now owns 2,540 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 1,440 shares in the last quarter.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Royal Bank of Canada raised their price objective on shares of Williams-Sonoma to $60.00 and gave the stock a “sector perform” rating in a report on Thursday. William Blair reissued a “market perform” rating on shares of Williams-Sonoma in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating on the stock in a report on Monday, March 18th. Finally, Morgan Stanley cut shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and set a $51.01 price objective on the stock. in a report on Wednesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.56.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.13. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Williams-Sonoma had a net margin of 5.88% and a return on equity of 32.48%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. As a group, equities research analysts expect that Williams-Sonoma, Inc. will post 4.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 26th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 25th. Williams-Sonoma’s payout ratio is presently 38.57%.
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Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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