Symons Capital Management Inc. bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 168,263 shares of the specialty retailer’s stock, valued at approximately $8,699,000. Williams-Sonoma comprises approximately 2.5% of Symons Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. Symons Capital Management Inc. owned approximately 0.20% of Williams-Sonoma as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. First Long Island Investors LLC lifted its stake in Williams-Sonoma by 0.4% in the fourth quarter. First Long Island Investors LLC now owns 238,382 shares of the specialty retailer’s stock valued at $12,324,000 after acquiring an additional 992 shares during the last quarter. Cribstone Capital Management LLC raised its position in shares of Williams-Sonoma by 4.7% in the third quarter. Cribstone Capital Management LLC now owns 23,678 shares of the specialty retailer’s stock valued at $1,181,000 after purchasing an additional 1,069 shares during the period. Ironwood Investment Management LLC raised its position in shares of Williams-Sonoma by 11.1% in the fourth quarter. Ironwood Investment Management LLC now owns 10,739 shares of the specialty retailer’s stock valued at $555,000 after purchasing an additional 1,075 shares during the period. Hutchinson Capital Management CA increased its position in Williams-Sonoma by 0.3% during the fourth quarter. Hutchinson Capital Management CA now owns 355,512 shares of the specialty retailer’s stock worth $18,380,000 after acquiring an additional 1,163 shares during the period. Finally, Pacer Advisors Inc. increased its position in Williams-Sonoma by 11.1% during the third quarter. Pacer Advisors Inc. now owns 12,791 shares of the specialty retailer’s stock worth $638,000 after acquiring an additional 1,281 shares during the period.
WSM has been the topic of a number of analyst reports. Jefferies Group reiterated a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Zacks Investment Research upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Morgan Stanley started coverage on shares of Williams-Sonoma in a report on Friday, November 17th. They set a “hold” rating and a $48.00 price target for the company. JPMorgan Chase & Co. lowered shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a research note on Friday, November 17th. Finally, Goldman Sachs Group lowered shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $51.20.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, January 24th. This represents a $1.56 annualized dividend and a dividend yield of 2.96%. Williams-Sonoma’s payout ratio is presently 44.19%.
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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