Greenland Capital Management LP Takes Position in Williams-Sonoma, Inc. (NYSE:WSM)

Greenland Capital Management LP acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 9,085 shares of the specialty retailer's stock, valued at approximately $1,682,000.

A number of other hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp lifted its holdings in Williams-Sonoma by 94.8% during the third quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer's stock valued at $3,026,000 after purchasing an additional 9,509 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Williams-Sonoma by 5.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 109,359 shares of the specialty retailer's stock valued at $20,251,000 after buying an additional 5,337 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Williams-Sonoma by 48.5% during the 4th quarter. Nordea Investment Management AB now owns 527,740 shares of the specialty retailer's stock valued at $97,875,000 after buying an additional 172,409 shares in the last quarter. National Pension Service boosted its holdings in Williams-Sonoma by 1.0% in the 4th quarter. National Pension Service now owns 316,535 shares of the specialty retailer's stock worth $58,616,000 after buying an additional 3,200 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Williams-Sonoma by 132.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,905 shares of the specialty retailer's stock worth $723,000 after buying an additional 2,222 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total value of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares of the company's stock, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Karalyn Yearout sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $151.53, for a total value of $1,212,240.00. Following the transaction, the executive vice president now owns 16,505 shares of the company's stock, valued at $2,501,002.65. This trade represents a 32.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,720 shares of company stock worth $21,828,609 over the last quarter. Insiders own 1.50% of the company's stock.

Williams-Sonoma Trading Up 0.0 %

Shares of NYSE:WSM traded up $0.06 during trading on Friday, reaching $147.95. The company's stock had a trading volume of 1,802,890 shares, compared to its average volume of 2,064,483. The stock has a market capitalization of $18.27 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.89 and a beta of 1.76. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The firm's 50 day simple moving average is $179.22 and its two-hundred day simple moving average is $173.82.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.40. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.34 billion. Williams-Sonoma had a return on equity of 51.56% and a net margin of 14.54%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned $5.44 EPS. Research analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 24th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.78%. This is a positive change from Williams-Sonoma's previous quarterly dividend of $0.57. The ex-dividend date is Thursday, April 17th. Williams-Sonoma's payout ratio is presently 29.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wedbush lowered their price objective on Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Gordon Haskett raised Williams-Sonoma to a "hold" rating in a report on Thursday, February 13th. Robert W. Baird raised shares of Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price objective for the company in a report on Monday, April 7th. Morgan Stanley reduced their price objective on shares of Williams-Sonoma from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Williams-Sonoma from $153.00 to $168.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $178.93.

Williams-Sonoma Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.