Mastrapasqua Asset Management Inc. raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 17.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,520 shares of the specialty retailer’s stock after purchasing an additional 1,715 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Williams-Sonoma were worth $2,064,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of WSM. Marshall Wace North America L.P. purchased a new position in Williams-Sonoma during the 1st quarter valued at about $56,000. Amundi Pioneer Asset Management Inc. grew its position in shares of Williams-Sonoma by 5.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 37,903 shares of the specialty retailer’s stock worth $2,133,000 after buying an additional 1,839 shares during the last quarter. Sei Investments Co. grew its position in shares of Williams-Sonoma by 53.4% in the 3rd quarter. Sei Investments Co. now owns 66,731 shares of the specialty retailer’s stock worth $6,035,000 after buying an additional 23,216 shares during the last quarter. Strs Ohio grew its position in shares of Williams-Sonoma by 20.0% in the 3rd quarter. Strs Ohio now owns 10,708 shares of the specialty retailer’s stock worth $968,000 after buying an additional 1,786 shares during the last quarter. Finally, CFO4Life Group LLC grew its position in shares of Williams-Sonoma by 2.3% in the 4th quarter. CFO4Life Group LLC now owns 4,341 shares of the specialty retailer’s stock worth $442,000 after buying an additional 97 shares during the last quarter. 98.58% of the stock is currently owned by institutional investors and hedge funds.
NYSE:WSM opened at $181.15 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 1.36. The company has a fifty day moving average of $177.55 and a two-hundred day moving average of $132.01. The stock has a market capitalization of $13.64 billion, a PE ratio of 34.90, a P/E/G ratio of 2.61 and a beta of 1.63. Williams-Sonoma, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $194.69.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Friday, April 23rd will be issued a dividend of $0.59 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, April 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.30%. Williams-Sonoma’s dividend payout ratio is presently 48.76%.
In other news, insider Ryan Ross sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $180.00, for a total transaction of $795,600.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at $1,954,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Julie Whalen sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $172.42, for a total transaction of $517,260.00. Following the completion of the sale, the chief financial officer now directly owns 55,510 shares of the company’s stock, valued at approximately $9,571,034.20. The disclosure for this sale can be found here. Insiders have sold 42,420 shares of company stock valued at $7,007,810 in the last ninety days. Insiders own 1.50% of the company’s stock.
A number of research analysts have recently issued reports on WSM shares. Argus lifted their price objective on shares of Williams-Sonoma from $185.00 to $205.00 in a research report on Tuesday, April 6th. William Blair reissued a “market perform” rating on shares of Williams-Sonoma in a research report on Tuesday, April 27th. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 1st. Royal Bank of Canada boosted their target price on shares of Williams-Sonoma from $135.00 to $158.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 24th. Finally, Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Wednesday, March 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $146.25.
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as 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, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
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