Friday, July 7, 2017

Recent Buy - Williams-Sonoma, Inc. (WSM)

Yesterday July 6, I bought 20 shares of Williams-Sonoma, Inc. at $ 47.51 per share plus commission.

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. It also provides products designed for creating spaces where children could play, laugh, learn, and grow under the Pottery Barn Kids brand; line of furniture, bedding, lighting, decorative accents, and others for teen bedrooms, dorm rooms, study spaces, and lounges under the PBteen brand; and mixed clean lines, natural materials, and handcrafted collections under West Elm brand. In addition, the company offers a range of assortments of lighting, hardware, furniture, and home décor inspired by history under the Rejuvenation brand; and women’s and men’s accessories, small leather goods, jewelry, key item apparel, paper, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand. It markets its products through e-commerce Websites, direct mail catalogs, and specialty retail stores. As of January 29, 2017, the company operated 629 stores comprising 583 stores in 43 states, Washington, D.C., and Puerto Rico; 26 stores in Canada; 19 stores in Australia; and 1 store in the United Kingdom, as well as 66 franchised stores and/or e-commerce Websites in various countries in the Middle East, the Philippines, and Mexico. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California.

WSM is a Dividend Contenders with a 12 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.8, 8.3 , 17.2 and 17.1. (DividendChampions.xls) Williams-Sonoma Inc. now pays dividends of $ 0.39 per share normally in February, May, August and November.

If you are interested, you can read analysis of Williams-Sonoma Inc. by Nicholas McCullum at Sure Dividend here and by Jason Fieber, Mr. Free at 33 at Daily Trade Alert here.

Details of my purchase:

Some ratings for WSM:

    Yahoo:  Mean Recommendation 2.8, 1y Target Est $ 53.00
    Reuters: Mean Rating 2.81
    Morningstar:  (****) 

At today's exchange rate, this purchase 20 shares of WSM will increase € 20.41 ($ 23.24) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 10,50.00. With purchase price $ 47.51 plus commission ($ 5.00) my starting yield on cost is 3.27%. After this acquisition, WSM's weight of my portfolio is about 0.22% and its share of future annual dividend income is approximately 0.19%. During this year, I'm planning slowly to build up WSM's share of my portfolio, if the price remains at these levels.

Click here to see my portfolio.

Full Disclosure: Long WSM 

Thanks for stopping by!

No comments:

Post a Comment