Advisors Asset Management Inc. Invests $196,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Advisors Asset Management Inc. acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSMGet Rating) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,770 shares of the specialty retailer’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Williams-Sonoma by 69.9% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 121 shares during the period. Archer Investment Corp acquired a new stake in shares of Williams-Sonoma during the 1st quarter worth approximately $54,000. CWM LLC grew its stake in shares of Williams-Sonoma by 37.9% during the 2nd quarter. CWM LLC now owns 393 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 108 shares during the period. Quent Capital LLC grew its stake in shares of Williams-Sonoma by 33.1% during the 2nd quarter. Quent Capital LLC now owns 418 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 104 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Williams-Sonoma Trading Down 2.6 %

Shares of WSM stock opened at $119.19 on Tuesday. The company’s 50-day moving average price is $124.87 and its 200-day moving average price is $131.11. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.73 and a beta of 1.61. Williams-Sonoma, Inc. has a twelve month low of $101.58 and a twelve month high of $223.32.

Williams-Sonoma (NYSE:WSMGet Rating) last announced its quarterly earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.54 by $0.33. The firm had revenue of $2.14 billion for 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 company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.24 EPS. As a group, equities research analysts predict that Williams-Sonoma, Inc. will post 16.67 EPS for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 21st will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.62%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 18.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WSM shares. Cowen decreased their target price on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup decreased their target price on Williams-Sonoma from $156.00 to $135.00 in a research report on Monday, October 31st. Morgan Stanley increased their target price on Williams-Sonoma from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, August 29th. Cowen decreased their target price on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on Williams-Sonoma from $170.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $141.44.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 501,653 shares in the company, valued at approximately $75,463,660.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.

Williams-Sonoma Company Profile

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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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