Ironwood Investment Management LLC Increases Stake in Williams-Sonoma, Inc. (WSM)

Ironwood Investment Management LLC grew its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 11.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,739 shares of the specialty retailer’s stock after buying an additional 1,075 shares during the period. Ironwood Investment Management LLC’s holdings in Williams-Sonoma were worth $555,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blackhill Capital Inc. boosted its stake in Williams-Sonoma by 0.3% in the 4th quarter. Blackhill Capital Inc. now owns 4,061,332 shares of the specialty retailer’s stock worth $209,971,000 after purchasing an additional 13,431 shares in the last quarter. State Street Corp boosted its stake in Williams-Sonoma by 0.9% in the 2nd quarter. State Street Corp now owns 3,243,158 shares of the specialty retailer’s stock worth $157,297,000 after purchasing an additional 28,837 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Williams-Sonoma by 17.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,465,043 shares of the specialty retailer’s stock worth $122,907,000 after purchasing an additional 360,493 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Williams-Sonoma by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,180,182 shares of the specialty retailer’s stock worth $58,847,000 after purchasing an additional 50,456 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Williams-Sonoma by 124.1% in the 4th quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock worth $44,807,000 after purchasing an additional 576,300 shares in the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.

A number of brokerages recently issued reports on WSM. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Saturday, February 3rd. Jefferies Group reiterated a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Stifel Nicolaus began coverage on shares of Williams-Sonoma in a research note on Thursday, October 12th. They issued a “hold” rating and a $54.00 price target on the stock. Oppenheimer reiterated a “hold” rating on shares of Williams-Sonoma in a research note on Friday, November 17th. Finally, Gordon Haskett cut shares of Williams-Sonoma from a “hold” rating to a “reduce” rating in a research note on Friday, November 17th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company’s stock. Williams-Sonoma has a consensus rating of “Hold” and an average price target of $51.20.

Williams-Sonoma, Inc. (NYSE:WSM) opened at $50.77 on Friday. Williams-Sonoma, Inc. has a one year low of $42.68 and a one year high of $55.89. The stock has a market cap of $4,270.00, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.87.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities analysts forecast that Williams-Sonoma, Inc. will post 3.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s payout ratio is currently 44.19%.

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About Williams-Sonoma

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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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