Ashfield Capital Partners LLC lowered its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 30.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,750 shares of the specialty retailer’s stock after selling 3,010 shares during the period. Ashfield Capital Partners LLC’s holdings in Williams-Sonoma were worth $337,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in Williams-Sonoma by 6.4% during the third quarter. Advisors Asset Management Inc. now owns 63,325 shares of the specialty retailer’s stock worth $3,157,000 after purchasing an additional 3,792 shares during the period. Flippin Bruce & Porter Inc. bought a new position in Williams-Sonoma during the third quarter worth about $3,497,000. Bank of New York Mellon Corp grew its holdings in Williams-Sonoma by 17.1% during the third 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 during the period. Trust Investment Advisors bought a new position in Williams-Sonoma during the third quarter worth about $1,003,000. Finally, Rhumbline Advisers grew its holdings in Williams-Sonoma by 4.3% during the third quarter. Rhumbline Advisers now owns 202,824 shares of the specialty retailer’s stock worth $10,113,000 after purchasing an additional 8,291 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE WSM) traded down $0.72 during trading hours on Thursday, hitting $50.78. 1,364,300 shares of the stock traded hands, compared to its average volume of 1,630,809. The firm has a market capitalization of $4,416.33, a P/E ratio of 14.88, a PEG ratio of 1.10 and a beta of 0.91. Williams-Sonoma, Inc. has a 52 week low of $42.68 and a 52 week high of $56.94.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 3.07%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.96%.
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A number of equities research analysts have recently issued reports on WSM shares. Credit Suisse Group set a $44.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) reduced their price objective on Williams-Sonoma from $58.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, August 24th. Zacks Investment Research cut Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank Of Canada boosted their price objective on Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 24th. Finally, Morgan Stanley reduced their price objective on Williams-Sonoma from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, August 24th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $52.18.
Williams-Sonoma Company Profile
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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