Truvestments Capital LLC Invests $55,000 in Williams-Sonoma, Inc. (WSM)

Truvestments Capital LLC bought a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 974 shares of the specialty retailer’s stock, valued at approximately $55,000.

Several other large investors have also recently bought and sold shares of WSM. BlackRock Inc. grew its stake in shares of Williams-Sonoma by 2.5% during the fourth quarter. BlackRock Inc. now owns 7,373,820 shares of the specialty retailer’s stock valued at $372,009,000 after buying an additional 182,450 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Williams-Sonoma by 7.6% during the third quarter. Vanguard Group Inc. now owns 7,270,491 shares of the specialty retailer’s stock valued at $477,817,000 after buying an additional 515,402 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Williams-Sonoma by 7.6% during the third quarter. Vanguard Group Inc now owns 7,270,491 shares of the specialty retailer’s stock valued at $477,817,000 after buying an additional 515,402 shares during the last quarter. FMR LLC grew its stake in shares of Williams-Sonoma by 48.8% during the fourth quarter. FMR LLC now owns 6,115,918 shares of the specialty retailer’s stock valued at $308,548,000 after buying an additional 2,004,426 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Williams-Sonoma by 5,231.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 1,587,286 shares during the last quarter.

Shares of NYSE WSM 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. The firm 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. Williams-Sonoma, Inc. has a 12-month low of $45.01 and a 12-month high of $73.99.



Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.13. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Williams-Sonoma had a return on equity of 32.48% and a net margin of 5.88%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. As a group, equities research analysts expect that Williams-Sonoma, Inc. will post 4.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 26th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.43. Williams-Sonoma’s dividend payout ratio (DPR) is 38.57%.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Monday, March 25th. William Blair reissued a “market perform” rating on shares of Williams-Sonoma in a research note on Thursday, March 21st. Royal Bank of Canada increased their price objective on Williams-Sonoma to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 21st. Evercore ISI assumed coverage on Williams-Sonoma in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $60.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating on the stock in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.33.

COPYRIGHT VIOLATION WARNING: “Truvestments Capital LLC Invests $55,000 in Williams-Sonoma, Inc. (WSM)” was published by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://dakotafinancialnews.com/2019/04/15/truvestments-capital-llc-invests-55000-in-williams-sonoma-inc-wsm.html.

About Williams-Sonoma

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.

Read More: What Does Beta Mean In Stock Selection

Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM).

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.