American Trust decreased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,486 shares of the specialty retailer’s stock after selling 545 shares during the quarter. American Trust’s holdings in Williams-Sonoma were worth $276,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Williams-Sonoma during the second quarter worth about $28,000. C M Bidwell & Associates Ltd. acquired a new position in Williams-Sonoma in the second quarter valued at approximately $32,000. Private Trust Co. NA acquired a new position in Williams-Sonoma in the second quarter valued at approximately $41,000. Tobam acquired a new position in Williams-Sonoma in the third quarter valued at approximately $54,000. Finally, Clearstead Advisors LLC lifted its holdings in Williams-Sonoma by 4,416.7% in the second quarter. Clearstead Advisors LLC now owns 542 shares of the specialty retailer’s stock valued at $60,000 after acquiring an additional 530 shares during the period. Institutional investors and hedge funds own 99.49% of the company’s stock.
Williams-Sonoma Trading Down 2.6 %
WSM opened at $116.86 on Friday. The firm has a market capitalization of $7.78 billion, a PE ratio of 7.08, a PEG ratio of 0.88 and a beta of 1.62. Williams-Sonoma, Inc. has a twelve month low of $101.58 and a twelve month high of $176.89. The firm’s 50-day moving average price is $126.71 and its 200 day moving average price is $125.28.
Williams-Sonoma Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, April 21st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.08%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, April 20th. Williams-Sonoma’s payout ratio is presently 18.91%.
Analyst Ratings Changes
A number of research analysts have issued reports on WSM shares. Cowen decreased their price target on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, November 18th. Telsey Advisory Group cut their price target on shares of Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com initiated coverage on shares of Williams-Sonoma in a report on Thursday. They set a “buy” rating on the stock. Cowen dropped their target price on shares of Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, November 18th. Finally, Morgan Stanley downgraded shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $150.00 to $100.00 in a research report on Monday, November 28th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $127.47.
Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.
- Get a free copy of the StockNews.com research report on Williams-Sonoma (WSM)
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
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 – Get Rating).
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.