Mutual of America Capital Management LLC Has $3.24 Million Holdings in Williams-Sonoma, Inc. (WSM)
Mutual of America Capital Management LLC trimmed its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,744 shares of the specialty retailer’s stock after selling 2,109 shares during the period. Mutual of America Capital Management LLC’s holdings in Williams-Sonoma were worth $3,244,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. High Falls Advisors Inc raised its stake in shares of Williams-Sonoma by 7.7% during the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock worth $211,000 after buying an additional 312 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Williams-Sonoma by 14.5% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 8,300 shares of the specialty retailer’s stock worth $414,000 after buying an additional 1,050 shares in the last quarter. Cribstone Capital Management LLC raised its stake in shares of Williams-Sonoma by 4.7% during the 3rd quarter. Cribstone Capital Management LLC now owns 23,678 shares of the specialty retailer’s stock worth $1,181,000 after buying an additional 1,069 shares in the last quarter. Oxbow Advisors LLC raised its stake in shares of Williams-Sonoma by 3.7% during the 3rd quarter. Oxbow Advisors LLC now owns 35,312 shares of the specialty retailer’s stock worth $1,761,000 after buying an additional 1,270 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Williams-Sonoma by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 12,791 shares of the specialty retailer’s stock worth $638,000 after buying an additional 1,281 shares in the last quarter. 96.62% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on WSM. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Saturday, February 3rd. Goldman Sachs Group downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Moffett Nathanson began coverage on Williams-Sonoma in a research note on Monday, December 4th. They set a “neutral” rating for the company. Jefferies Group reissued a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Finally, Bank of America cut their target price on 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 issued a hold rating and three have given a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average 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. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Williams-Sonoma had a return on equity of 25.45% and a net margin of 5.94%. Williams-Sonoma’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. analysts predict that Williams-Sonoma, Inc. will post 3.55 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.19%.
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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.
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