Cullinan Associates Inc. Buys Shares of 50,900 Williams-Sonoma, Inc. (WSM)

Cullinan Associates Inc. bought a new position in Williams-Sonoma, Inc. (NYSE:WSM) in the fourth quarter, HoldingsChannel reports. The fund bought 50,900 shares of the specialty retailer’s stock, valued at approximately $2,568,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in shares of Williams-Sonoma in the second quarter valued at $261,000. Russell Investments Group Ltd. raised its stake in shares of Williams-Sonoma by 128.2% in the second quarter. Russell Investments Group Ltd. now owns 52,783 shares of the specialty retailer’s stock valued at $3,238,000 after acquiring an additional 29,656 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Williams-Sonoma in the second quarter valued at $101,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Williams-Sonoma in the second quarter valued at $1,839,000. Finally, First Republic Investment Management Inc. raised its stake in Williams-Sonoma by 98.5% in the second quarter. First Republic Investment Management Inc. now owns 9,861 shares of the specialty retailer’s stock valued at $605,000 after buying an additional 4,894 shares in the last quarter.

WSM has been the topic of a number of analyst reports. Loop Capital cut their price target on Williams-Sonoma to $58.00 and set a “hold” rating on the stock in a research note on Friday, November 16th. They noted that the move was a valuation call. Morgan Stanley raised their price target on Williams-Sonoma from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, October 4th. Jefferies Financial Group restated a “hold” rating and issued a $57.00 price target on shares of Williams-Sonoma in a research note on Monday, November 19th. Finally, Credit Suisse Group set a $50.00 price target on Williams-Sonoma and gave the company a “sell” rating in a research note on Friday, November 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and an average target price of $58.60.

Shares of WSM stock opened at $52.81 on Friday. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.63 and a beta of 0.94. Williams-Sonoma, Inc. has a 1 year low of $45.01 and a 1 year high of $73.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.38 and a current ratio of 1.54.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, November 15th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Williams-Sonoma had a return on equity of 29.75% and a net margin of 4.97%. Analysts predict that Williams-Sonoma, Inc. will post 4.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, January 25th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, January 24th. Williams-Sonoma’s payout ratio is 47.65%.

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Williams-Sonoma Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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

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