BTIM Corp. Sells 9,717 Shares of Williams-Sonoma, Inc. (WSM)
BTIM Corp. decreased its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 448,861 shares of the specialty retailer’s stock after selling 9,717 shares during the period. BTIM Corp.’s holdings in Williams-Sonoma were worth $23,207,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in WSM. Ffcm LLC purchased a new position in shares of Williams-Sonoma in the 3rd quarter worth approximately $125,000. Franklin Resources Inc. purchased a new position in shares of Williams-Sonoma in the 2nd quarter worth approximately $182,000. Private Trust Co. NA purchased a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $203,000. Koch Industries Inc. purchased a new position in shares of Williams-Sonoma in the 2nd quarter worth approximately $207,000. Finally, High Falls Advisors Inc boosted its holdings in Williams-Sonoma by 7.7% during the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after acquiring 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 firms recently issued reports on WSM. Jefferies Group restated a “hold” rating on shares of Williams-Sonoma in a report on Sunday, November 19th. Oppenheimer restated a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Robert W. Baird set a $48.00 price objective on Williams-Sonoma and gave the company a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Moffett Nathanson began coverage on Williams-Sonoma in a report on Monday, December 4th. They set a “neutral” rating for the company. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have given a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $51.25.
Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts expect that Williams-Sonoma, Inc. will post 3.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio is 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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