Aristotle Capital Management LLC Lowers Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Aristotle Capital Management LLC decreased its stake in Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 0.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,630,512 shares of the specialty retailer’s stock after selling 6,950 shares during the quarter. Aristotle Capital Management LLC owned approximately 7.05% of Williams-Sonoma worth $563,348,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in Williams-Sonoma by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 46,227 shares of the specialty retailer’s stock worth $6,915,000 after purchasing an additional 3,373 shares in the last quarter. Aviva PLC boosted its position in Williams-Sonoma by 9.7% during the first quarter. Aviva PLC now owns 14,762 shares of the specialty retailer’s stock worth $2,140,000 after purchasing an additional 1,300 shares in the last quarter. Baird Financial Group Inc. boosted its position in Williams-Sonoma by 0.3% during the first quarter. Baird Financial Group Inc. now owns 391,118 shares of the specialty retailer’s stock worth $56,712,000 after purchasing an additional 1,049 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Williams-Sonoma by 1,415.9% during the first quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the specialty retailer’s stock worth $303,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Williams-Sonoma during the first quarter worth approximately $292,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $143.65 on Friday. Williams-Sonoma, Inc. has a one year low of $109.22 and a one year high of $154.83. The stock has a market cap of $9.21 billion, a PE ratio of 9.93, a P/E/G ratio of 1.03 and a beta of 1.61. The stock has a 50 day moving average price of $134.93 and a 200 day moving average price of $125.13.

Williams-Sonoma (NYSE:WSMGet Free Report) last issued its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.41. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.96 billion. Williams-Sonoma had a return on equity of 64.43% and a net margin of 11.68%. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.87 earnings per share. As a group, analysts predict that Williams-Sonoma, Inc. will post 13.96 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, July 21st were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.60 annualized dividend and a yield of 2.51%. Williams-Sonoma’s payout ratio is 24.88%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Williams-Sonoma from $100.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, August 24th. Wedbush increased their price target on Williams-Sonoma from $120.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, August 24th. Bank of America upgraded Williams-Sonoma from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $108.00 to $146.00 in a research report on Thursday, August 24th. Citigroup increased their target price on Williams-Sonoma from $123.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Finally, StockNews.com raised Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $139.94.

View Our Latest Research Report on WSM

Insider Buying and Selling

In related news, CEO Marta Benson sold 10,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $140.68, for a total value of $1,406,800.00. Following the completion of the transaction, the chief executive officer now directly owns 54,238 shares in the company, valued at $7,630,201.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Marta Benson sold 10,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $140.68, for a total value of $1,406,800.00. Following the completion of the transaction, the chief executive officer now directly owns 54,238 shares in the company, valued at $7,630,201.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Karalyn Smith sold 1,533 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $131.64, for a total value of $201,804.12. Following the transaction, the executive vice president now owns 9,185 shares of the company’s stock, valued at $1,209,113.40. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Williams-Sonoma Profile

(Free Report)

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.

See Also

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

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