Stonebridge Capital Management Inc buys $4,463,055 stake in Williams-Sonoma (WSM)

Williams-Sonoma (WSM) : Stonebridge Capital Management Inc scooped up 42,955 additional shares in Williams-Sonoma during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 93,880 shares of Williams-Sonoma which is valued at $4,463,055.Williams-Sonoma makes up approximately 1.95% of Stonebridge Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Smith Graham Investment Advisors Lp boosted its stake in WSM in the latest quarter, The investment management firm added 6,080 additional shares and now holds a total of 63,280 shares of Williams-Sonoma which is valued at $3,008,331. Williams-Sonoma makes up approx 0.39% of Smith Graham Investment Advisors Lp’s portfolio.Capstone Asset Management Co reduced its stake in WSM by selling 290 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 7,485 shares of WSM which is valued at $365,043. Williams-Sonoma makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Gradient Investments sold out all of its stake in WSM during the most recent quarter. The investment firm sold 100 shares of WSM which is valued $4,954.Central Bank Trust Co reduced its stake in WSM by selling 410 shares or 71.43% in the most recent quarter. The Hedge Fund company now holds 164 shares of WSM which is valued at $8,092.

Williams-Sonoma closed down -1.21 points or -2.48% at $47.54 with 13,84,013 shares getting traded on Friday. Post opening the session at $49.15, the shares hit an intraday low of $47.51 and an intraday high of $49.23 and the price fluctuated in this range throughout the day.Shares ended Friday 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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