Cooke & Bieler LP Acquires New Position in Williams-Sonoma, Inc. (WSM)
Cooke & Bieler LP acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 154,380 shares of the specialty retailer’s stock, valued at approximately $7,981,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blackhill Capital Inc. raised its stake in Williams-Sonoma by 0.3% in the 4th quarter. Blackhill Capital Inc. now owns 4,061,332 shares of the specialty retailer’s stock valued at $209,971,000 after purchasing an additional 13,431 shares during the last quarter. State Street Corp increased its stake in shares of Williams-Sonoma by 0.9% in the 2nd quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock worth $157,297,000 after acquiring an additional 28,837 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Williams-Sonoma by 17.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,465,043 shares of the specialty retailer’s stock worth $122,907,000 after acquiring an additional 360,493 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Williams-Sonoma by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,180,182 shares of the specialty retailer’s stock worth $58,847,000 after acquiring an additional 50,456 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Williams-Sonoma by 124.1% in the 4th quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock worth $44,807,000 after acquiring an additional 576,300 shares during the last quarter.
A number of brokerages have issued reports on WSM. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Saturday, February 3rd. Goldman Sachs Group downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Moffett Nathanson began coverage on Williams-Sonoma in a research note on Monday, December 4th. They issued a “neutral” rating for the company. Jefferies Group reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Finally, Bank of America lowered their price target on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a report on Friday, November 17th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.20.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $0.78 EPS. Williams-Sonoma’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts forecast 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. Investors of record on Thursday, January 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio (DPR) is 44.19%.
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Williams-Sonoma Company Profile
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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