Cadence Capital Management LLC Trims Stake in Williams-Sonoma, Inc. (WSM)

Cadence Capital Management LLC lowered its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 35.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,037 shares of the specialty retailer’s stock after selling 3,855 shares during the quarter. Cadence Capital Management LLC’s holdings in Williams-Sonoma were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ffcm LLC purchased a new stake in shares of Williams-Sonoma during the 3rd quarter valued at about $125,000. Private Trust Co. NA purchased a new stake in shares of Williams-Sonoma during the 4th quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Williams-Sonoma by 49.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock valued at $224,000 after purchasing an additional 1,429 shares during the last quarter. Fulton Bank N.A. purchased a new stake in shares of Williams-Sonoma during the 3rd quarter valued at about $229,000. Finally, Pratt Collard Advisory Partners LLC purchased a new stake in shares of Williams-Sonoma during the 4th quarter valued at about $260,000.

Shares of Williams-Sonoma, Inc. (WSM) opened at $54.63 on Thursday. Williams-Sonoma, Inc. has a fifty-two week low of $42.68 and a fifty-two week high of $55.89. The stock has a market cap of $4,600.00, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue was up 4.3% on a year-over-year basis. analysts predict that Williams-Sonoma, Inc. will post 3.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 24th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.19%.

Several research firms recently issued reports on WSM. Jefferies Group reissued a “hold” rating on shares of Williams-Sonoma in a report on Sunday, November 19th. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Saturday, February 3rd. Oppenheimer reissued a “hold” rating on shares of Williams-Sonoma in a report on Friday, November 17th. Gordon Haskett lowered shares of Williams-Sonoma from a “hold” rating to a “reduce” rating in a report on Friday, November 17th. Finally, Moffett Nathanson began coverage on shares of Williams-Sonoma in a report on Monday, December 4th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.20.

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

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