Williams-Sonoma, Inc. (NYSE:WSM) Position Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 613,024 shares of the specialty retailer’s stock after selling 11,587 shares during the period. Pacer Advisors Inc. owned 0.96% of Williams-Sonoma worth $123,696,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Loomis Sayles & Co. L P boosted its position in Williams-Sonoma by 129.3% during the third quarter. Loomis Sayles & Co. L P now owns 188 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 106 shares during the period. Denali Advisors LLC acquired a new position in shares of Williams-Sonoma during the third quarter worth approximately $32,000. Bessemer Group Inc. raised its stake in Williams-Sonoma by 863.6% during the 4th quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. grew its position in Williams-Sonoma by 820.0% during the third quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty retailer’s stock worth $36,000 after buying an additional 205 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new position in Williams-Sonoma in the fourth quarter worth $54,000. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 0.5 %

Shares of WSM stock opened at $311.16 on Tuesday. The stock has a 50-day moving average of $233.15 and a 200-day moving average of $193.61. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.64 and a beta of 1.66. Williams-Sonoma, Inc. has a 1-year low of $109.44 and a 1-year high of $317.65.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $5.50 earnings per share. Williams-Sonoma’s revenue for the quarter was down 7.1% on a year-over-year basis. Sell-side analysts forecast that Williams-Sonoma, Inc. will post 15.3 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 19th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s dividend payout ratio (DPR) is 24.71%.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $201.92, for a total value of $4,038,400.00. Following the transaction, the chief executive officer now owns 525,509 shares of the company’s stock, valued at approximately $106,110,777.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $201.92, for a total value of $4,038,400.00. Following the completion of the transaction, the chief executive officer now owns 525,509 shares in the company, valued at approximately $106,110,777.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Karalyn Smith sold 1,145 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total transaction of $330,973.70. Following the completion of the sale, the executive vice president now directly owns 6,966 shares in the company, valued at $2,013,591.96. The disclosure for this sale can be found here. Insiders have sold 41,145 shares of company stock valued at $10,044,174 over the last ninety days. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of analyst reports. Loop Capital upped their price target on Williams-Sonoma from $220.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, March 15th. TD Cowen lifted their target price on Williams-Sonoma from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. UBS Group lifted their price objective on shares of Williams-Sonoma from $195.00 to $255.00 and gave the company a “sell” rating in a research report on Tuesday, March 19th. Telsey Advisory Group upped their price objective on Williams-Sonoma from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Monday. Finally, Robert W. Baird raised their target price on shares of Williams-Sonoma from $200.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Williams-Sonoma currently has an average rating of “Hold” and an average target price of $248.06.

View Our Latest Report on WSM

About Williams-Sonoma

(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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