Cascade Investment Advisors Inc. trimmed its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 6.7% during the 1st quarter, Holdings Channel reports. The firm owned 23,730 shares of the specialty retailer’s stock after selling 1,695 shares during the quarter. Williams-Sonoma makes up about 1.2% of Cascade Investment Advisors Inc.’s portfolio, making the stock its 21st biggest position. Cascade Investment Advisors Inc.’s holdings in Williams-Sonoma were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Williams-Sonoma by 642.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 977,986 shares of the specialty retailer’s stock valued at $64,273,000 after buying an additional 846,345 shares during the period. Martingale Asset Management L P lifted its position in shares of Williams-Sonoma by 19.4% in the 3rd quarter. Martingale Asset Management L P now owns 117,404 shares of the specialty retailer’s stock worth $7,716,000 after purchasing an additional 19,116 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Williams-Sonoma during the third quarter valued at approximately $1,144,000. Dimensional Fund Advisors LP lifted its position in Williams-Sonoma by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,153,262 shares of the specialty retailer’s stock valued at $75,791,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Williams-Sonoma by 64.9% during the third quarter. Franklin Resources Inc. now owns 13,193 shares of the specialty retailer’s stock valued at $867,000 after acquiring an additional 5,191 shares during the last quarter.
Shares of Williams-Sonoma stock opened at $57.72 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. Williams-Sonoma, Inc. has a 12-month low of $45.01 and a 12-month high of $73.99. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.77 and a beta of 0.94.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 26th will be paid a dividend of $0.48 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.92 dividend on an annualized basis and a yield of 3.33%. Williams-Sonoma’s dividend payout ratio is presently 38.57%.
WSM has been the subject of a number of analyst reports. Credit Suisse Group raised shares of Williams-Sonoma to a “hold wsm” rating and set a $50.00 target price for the company in a research report on Thursday, December 20th. JPMorgan Chase & Co. decreased their target price on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating for the company in a research report on Monday, March 18th. Zacks Investment Research cut shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Evercore ISI initiated coverage on shares of Williams-Sonoma in a research report on Wednesday, March 20th. They set an “in-line” rating and a $60.00 target price for the company. Finally, Royal Bank of Canada increased their target price on shares of Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $59.33.
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Williams-Sonoma Company 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.
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