Brookstone Capital Management Acquires Shares of 9,044 Williams-Sonoma, Inc. (WSM)
Brookstone Capital Management acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,044 shares of the specialty retailer’s stock, valued at approximately $509,000.
Other large investors have also added to or reduced their stakes in the company. IMS Capital Management acquired a new stake in Williams-Sonoma during the third quarter valued at $33,000. Pinnacle Bank acquired a new stake in Williams-Sonoma during the fourth quarter valued at $36,000. Truvestments Capital LLC acquired a new stake in Williams-Sonoma during the first quarter valued at $55,000. Kessler Investment Group LLC acquired a new stake in Williams-Sonoma during the first quarter valued at $64,000. Finally, IFP Advisors Inc grew its position in Williams-Sonoma by 108.0% during the fourth quarter. IFP Advisors Inc now owns 1,504 shares of the specialty retailer’s stock valued at $75,000 after buying an additional 781 shares during the period.
WSM opened at $57.31 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 1.71 and a beta of 0.94. Williams-Sonoma, Inc. has a 52-week low of $45.01 and a 52-week high of $73.99.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 26th will be paid a $0.48 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, April 25th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 38.57%.
WSM has been the topic of several analyst reports. Morgan Stanley lowered shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and set a $51.01 price target on the stock. in a research report on Wednesday, January 23rd. Royal Bank of Canada raised their price target on shares of Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, March 21st. William Blair restated a “market perform” rating on shares of Williams-Sonoma in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating on the stock in a research report on Monday, March 18th. Finally, ValuEngine lowered shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.33.
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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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