Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by Synovus Financial Corp

Synovus Financial Corp boosted its position in Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 7.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,147 shares of the specialty retailer’s stock after acquiring an additional 223 shares during the quarter. Synovus Financial Corp’s holdings in Williams-Sonoma were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lindenwold Advisors raised its stake in shares of Williams-Sonoma by 1.4% in the 2nd quarter. Lindenwold Advisors now owns 5,008 shares of the specialty retailer’s stock valued at $556,000 after purchasing an additional 71 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Williams-Sonoma by 14.4% in the 2nd quarter. Fifth Third Bancorp now owns 572 shares of the specialty retailer’s stock valued at $63,000 after purchasing an additional 72 shares in the last quarter. Truist Financial Corp raised its stake in shares of Williams-Sonoma by 0.7% in the 2nd quarter. Truist Financial Corp now owns 12,278 shares of the specialty retailer’s stock valued at $1,362,000 after purchasing an additional 82 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Williams-Sonoma by 4.5% in the 2nd quarter. Van ECK Associates Corp now owns 2,275 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 98 shares in the last quarter. Finally, TFG Advisers LLC raised its stake in shares of Williams-Sonoma by 5.8% in the 2nd quarter. TFG Advisers LLC now owns 1,810 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Williams-Sonoma Trading Down 6.2 %

NYSE WSM opened at $122.37 on Monday. Williams-Sonoma, Inc. has a 52 week low of $101.58 and a 52 week high of $223.32. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 0.73 and a beta of 1.61. The company has a 50-day moving average price of $125.56 and a two-hundred day moving average price of $131.27.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings data on Wednesday, August 24th. The specialty retailer reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.33. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $3.24 earnings per share. As a group, equities research analysts expect that Williams-Sonoma, Inc. will post 16.67 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, October 21st will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, October 20th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 18.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WSM shares. Robert W. Baird upped their target price on shares of Williams-Sonoma from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Royal Bank of Canada dropped their price objective on shares of Williams-Sonoma from $192.00 to $151.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, August 29th. Wedbush lowered shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $190.00 to $110.00 in a research note on Tuesday, November 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Williams-Sonoma from $170.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday. Five analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $145.78.

Insider Activity

In other news, CEO Laura Alber sold 20,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $150.43, for a total value of $3,008,600.00. Following the completion of the transaction, the chief executive officer now directly owns 501,653 shares in the company, valued at $75,463,660.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

About Williams-Sonoma

(Get Rating)

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.

Further Reading

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

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