New York State Common Retirement Fund Sells 14,311 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

New York State Common Retirement Fund cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,077 shares of the specialty retailer’s stock after selling 14,311 shares during the period. New York State Common Retirement Fund owned 0.10% of Williams-Sonoma worth $9,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Cooper Financial Group raised its holdings in Williams-Sonoma by 2.9% during the 3rd quarter. Cooper Financial Group now owns 2,643 shares of the specialty retailer’s stock valued at $411,000 after buying an additional 74 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Williams-Sonoma by 0.7% in the 2nd quarter. Valley National Advisers Inc. now owns 10,792 shares of the specialty retailer’s stock worth $1,352,000 after acquiring an additional 75 shares during the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of Williams-Sonoma by 0.9% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 10,072 shares of the specialty retailer’s stock worth $1,565,000 after acquiring an additional 85 shares during the last quarter. Seascape Capital Management boosted its stake in shares of Williams-Sonoma by 0.4% during the 2nd quarter. Seascape Capital Management now owns 24,466 shares of the specialty retailer’s stock worth $3,062,000 after purchasing an additional 87 shares during the period. Finally, Ronald Blue Trust Inc. grew its holdings in Williams-Sonoma by 38.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 322 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 90 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Williams-Sonoma Price Performance

WSM opened at $215.79 on Friday. The firm has a market capitalization of $13.84 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.63. The business’s 50-day moving average is $201.55 and its two-hundred day moving average is $168.12. Williams-Sonoma, Inc. has a 1 year low of $109.44 and a 1 year high of $216.09.

Williams-Sonoma (NYSE:WSMGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.32. Williams-Sonoma had a net margin of 11.99% and a return on equity of 59.65%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.95 billion. As a group, sell-side analysts expect that Williams-Sonoma, Inc. will post 14.47 EPS for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, January 19th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.67%. Williams-Sonoma’s payout ratio is 24.98%.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 18,189 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $154.92, for a total value of $2,817,839.88. Following the completion of the sale, the chief executive officer now directly owns 545,509 shares in the company, valued at $84,510,254.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Marta Benson sold 5,374 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $178.86, for a total value of $961,193.64. Following the completion of the transaction, the chief executive officer now owns 48,864 shares in the company, valued at approximately $8,739,815.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 18,189 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $154.92, for a total value of $2,817,839.88. Following the sale, the chief executive officer now owns 545,509 shares in the company, valued at approximately $84,510,254.28. The disclosure for this sale can be found here. Insiders have sold a total of 45,508 shares of company stock worth $8,167,242 in the last ninety days. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Royal Bank of Canada upped their price objective on Williams-Sonoma from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. Wedbush upgraded Williams-Sonoma from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $175.00 to $230.00 in a research report on Thursday, January 11th. JPMorgan Chase & Co. boosted their target price on shares of Williams-Sonoma from $135.00 to $145.00 and gave the company an “underweight” rating in a research note on Friday, November 17th. Finally, Evercore ISI raised their price target on shares of Williams-Sonoma from $160.00 to $175.00 and gave the stock an “in-line” rating in a research note on Friday, November 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.75.

Check Out Our Latest Report on Williams-Sonoma

Williams-Sonoma Company 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.

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

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