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.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.13. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.80 billion. Williams-Sonoma had a net margin of 5.88% and a return on equity of 32.48%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. On average, research analysts anticipate that Williams-Sonoma, Inc. will post 4.58 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://theolympiareport.com/2019/04/20/brookstone-capital-management-acquires-shares-of-9044-williams-sonoma-inc-wsm.html.

Williams-Sonoma Profile

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.

Featured Story: What is the float in trading stocks?

Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.