Westwood Holdings Group Inc. decreased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 196,013 shares of the specialty retailer’s stock after selling 10,369 shares during the period. Westwood Holdings Group Inc.’s holdings in Williams-Sonoma were worth $11,030,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in WSM. Penserra Capital Management LLC bought a new stake in Williams-Sonoma during the 1st quarter valued at about $28,000. Oregon Public Employees Retirement Fund lifted its holdings in Williams-Sonoma by 5,231.1% during the 4th 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 in the last quarter. Pinnacle Bank bought a new stake in Williams-Sonoma during the 4th quarter valued at about $36,000. Truvestments Capital LLC bought a new stake in Williams-Sonoma during the 1st quarter valued at about $55,000. Finally, Kessler Investment Group LLC bought a new stake in Williams-Sonoma during the 1st quarter valued at about $64,000.
Shares of Williams-Sonoma stock traded up $3.37 on Thursday, reaching $61.82. The stock had a trading volume of 80,459 shares, compared to its average volume of 2,509,284. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. Williams-Sonoma, Inc. has a 1 year low of $45.01 and a 1 year high of $73.99. The company has a market cap of $4.58 billion, a P/E ratio of 13.86, a PEG ratio of 1.73 and a beta of 0.83.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, April 26th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.43. Williams-Sonoma’s payout ratio is presently 43.05%.
In other news, Director Sabrina Simmons sold 1,750 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the transaction, the director now owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by insiders.
Several equities research analysts have recently commented on WSM shares. Wedbush set a $63.00 price target on shares of Williams-Sonoma and gave the company a “hold” rating in a report on Friday, May 31st. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, May 17th. Berenberg Bank started coverage on shares of Williams-Sonoma in a report on Thursday, May 9th. They issued a “hold” rating and a $61.00 price target for the company. Evercore ISI started coverage on shares of Williams-Sonoma in a report on Wednesday, March 20th. They issued an “in-line” rating and a $60.00 price target for the company. Finally, Citigroup boosted their price target on shares of Williams-Sonoma from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $59.60.
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.
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