Grimes & Company Inc. Has $6.51 Million Position in Williams-Sonoma, Inc. (WSM)
Grimes & Company Inc. lowered its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 125,912 shares of the specialty retailer’s stock after selling 2,907 shares during the quarter. Grimes & Company Inc.’s holdings in Williams-Sonoma were worth $6,510,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Ffcm LLC acquired a new position in Williams-Sonoma in the third quarter valued at $125,000. Private Trust Co. NA acquired a new position in Williams-Sonoma in the fourth quarter valued at $203,000. Koch Industries Inc. acquired a new position in Williams-Sonoma in the second quarter valued at $207,000. High Falls Advisors Inc boosted its stake in Williams-Sonoma by 7.7% in the second quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after acquiring an additional 312 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Williams-Sonoma by 49.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 1,429 shares in the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.
Several equities analysts have issued reports on WSM shares. Zacks Investment Research downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. JPMorgan Chase & Co. downgraded shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a research note on Friday, November 17th. Goldman Sachs Group downgraded shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Credit Suisse Group downgraded shares of Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research note on Thursday, October 12th. Finally, Bank of America decreased their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, November 17th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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 net margin of 5.94% and a return on equity of 25.45%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. analysts predict that Williams-Sonoma, Inc. will post 3.55 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $1.56 annualized dividend and a yield of 3.04%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.
ILLEGAL ACTIVITY NOTICE: “Grimes & Company Inc. Has $6.51 Million Position in Williams-Sonoma, Inc. (WSM)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.watchlistnews.com/grimes-company-inc-has-6-51-million-position-in-williams-sonoma-inc-wsm/1850714.html.
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.
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).
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.