SeaCrest Wealth Management LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 250 shares of the specialty retailer’s stock, valued at approximately $28,000.
Several other institutional investors also recently made changes to their positions in the stock. HS Management Partners LLC boosted its position in Williams-Sonoma by 61.6% during the 1st quarter. HS Management Partners LLC now owns 1,655,704 shares of the specialty retailer’s stock worth $240,077,000 after purchasing an additional 630,830 shares during the period. Bank of America Corp DE boosted its position in Williams-Sonoma by 151.9% during the 1st quarter. Bank of America Corp DE now owns 488,538 shares of the specialty retailer’s stock worth $70,839,000 after purchasing an additional 294,602 shares during the period. First Trust Advisors LP boosted its position in Williams-Sonoma by 24.1% during the 1st quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after purchasing an additional 273,424 shares during the period. UBS Group AG lifted its holdings in Williams-Sonoma by 289.0% in the 1st quarter. UBS Group AG now owns 214,533 shares of the specialty retailer’s stock worth $31,107,000 after buying an additional 159,388 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in Williams-Sonoma by 4,243.2% in the 1st quarter. WINTON GROUP Ltd now owns 88,557 shares of the specialty retailer’s stock worth $12,841,000 after buying an additional 86,518 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 501,653 shares in the company, valued at approximately $75,463,660.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.
Williams-Sonoma Stock Down 0.1 %
Williams-Sonoma (NYSE:WSM – Get Rating) last announced its quarterly earnings data on Wednesday, August 24th. The specialty retailer reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.54 by $0.33. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $3.24 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that Williams-Sonoma, Inc. will post 16.6 EPS for the current fiscal year.
Williams-Sonoma Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, October 21st will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, October 20th. Williams-Sonoma’s dividend payout ratio (DPR) is 18.91%.
Wall Street Analyst Weigh In
A number of brokerages have commented on WSM. Barclays lowered shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $192.00 to $114.00 in a report on Monday. Royal Bank of Canada cut their price objective on shares of Williams-Sonoma from $192.00 to $151.00 and set an “outperform” rating on the stock in a report on Friday, November 18th. Telsey Advisory Group cut their price objective on shares of Williams-Sonoma from $195.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, November 18th. Jefferies Financial Group lowered shares of Williams-Sonoma from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $160.00 to $100.00 in a report on Monday, October 24th. Finally, The Goldman Sachs Group upped their target price on shares of Williams-Sonoma from $100.00 to $138.00 and gave the company a “sell” rating in a research note on Friday, August 26th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.44.
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.
- Get a free copy of the StockNews.com research report on Williams-Sonoma (WSM)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.