Salem Capital Management Inc adds Williams-Sonoma (WSM) to its portfolio

Williams-Sonoma (WSM) : Salem Capital Management Inc added new position in Williams-Sonoma during the most recent quarter end. The investment management firm now holds 84,550 shares of Williams-Sonoma which is valued at $4,188,607 , the company said in a statement filed on Oct 11, 2016 with the SEC.Williams-Sonoma makes up approximately 2.31% of Salem Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added WSM to its portfolio by purchasing 9,933 company shares during the most recent quarter which is valued at $492,081. Williams-Sonoma makes up approx 0.03% of Cutler Group Lp’s portfolio. Randolph Co Inc added WSM to its portfolio by purchasing 140,630 company shares during the most recent quarter which is valued at $6,938,684. Williams-Sonoma makes up approx 1.77% of Randolph Co Inc’s portfolio. Simplex Trading sold out all of its stake in WSM during the most recent quarter. The investment firm sold 7,425 shares of WSM which is valued $366,350.Bnp Paribas Arbitrage Sa reduced its stake in WSM by selling 25,910 shares or 69.09% in the most recent quarter. The Hedge Fund company now holds 11,590 shares of WSM which is valued at $592,133. Norman Fields Gottscho Capital Management added WSM to its portfolio by purchasing 4,915 company shares during the most recent quarter which is valued at $251,107. Williams-Sonoma makes up approx 0.17% of Norman Fields Gottscho Capital Management’s portfolio.

Williams-Sonoma closed down -0.77 points or -1.55% at $48.77 with 16,04,400 shares getting traded on Tuesday. Post opening the session at $49.48, the shares hit an intraday low of $48.19 and an intraday high of $49.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Williams-Sonoma reported $0.58 EPS for the quarter, based on the information available during the earnings call on Aug 24, 2016. Analyst had a consensus estimate of $0.58. The company had revenue of $1159.03 million for the quarter, compared to analysts expectations of $1167.05 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Investors should note that on Sep 16, 2016, Williams-Sonoma announced a cash dividend of $0.3700. The company’s management has announced Oct 25, 2016 as the ex-dividend date and fixed the record date on Oct 27, 2016. The payable date has been fixed on Nov 23, 2016.

Williams-Sonoma Inc. is an e-commerce and multi-channel specialty retailer of products for the home with some brands in home furnishings. The Company operates in two segments: e-commerce and retail. The e-commerce segment has the merchandising strategies which include Williams-Sonoma Pottery Barn Pottery Barn Kids West Elm PBteen Williams-Sonoma Home Rejuvenation and Mark and Graham which sells its products through its e-commerce Websites and direct-mail catalogs. The retail segment has the merchandising strategies which include Williams-Sonoma Pottery Barn Pottery Barn Kids West Elm and Rejuvenation which sells its products through its retail stores. The Company operates retail stores in the United States Canada Puerto Rico Australia and the United Kingdom and franchises its brands to third-parties in various countries in the Middle East and the Philippines. The Company’s products are also available to customers through its catalogs and online across the world.

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