Tower Research Capital LLC TRC Buys 5,944 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Tower Research Capital LLC TRC raised its stake in Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 247.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,343 shares of the specialty retailer’s stock after acquiring an additional 5,944 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Williams-Sonoma were worth $1,683,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WSM. MCF Advisors LLC acquired a new stake in Williams-Sonoma during the 4th quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its stake in shares of Williams-Sonoma by 129.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Williams-Sonoma by 30.5% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock worth $47,000 after buying an additional 54 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Williams-Sonoma in the fourth quarter worth $53,000. Finally, BKM Wealth Management LLC bought a new stake in Williams-Sonoma in the 4th quarter valued at about $54,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WSM has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of Williams-Sonoma from $250.00 to $298.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Oppenheimer reissued a “market perform” rating on shares of Williams-Sonoma in a research note on Friday, March 15th. StockNews.com downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Evercore ISI boosted their price objective on shares of Williams-Sonoma from $310.00 to $315.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on Williams-Sonoma from $275.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $262.13.

Check Out Our Latest Report on WSM

Williams-Sonoma Price Performance

WSM stock opened at $296.94 on Tuesday. The stock’s fifty day moving average price is $296.35 and its 200-day moving average price is $249.05. The company has a market cap of $19.10 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.24 and a beta of 1.76. Williams-Sonoma, Inc. has a 1 year low of $117.89 and a 1 year high of $348.51.

Williams-Sonoma (NYSE:WSMGet Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.50 EPS. As a group, analysts expect that Williams-Sonoma, Inc. will post 16.08 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, April 19th were paid a $1.13 dividend. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, April 18th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.75%.

Insider Activity

In related news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now directly owns 505,509 shares of the company’s stock, valued at approximately $143,433,123.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Williams-Sonoma news, EVP David Randolph King sold 10,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $287.85, for a total value of $2,878,500.00. Following the completion of the sale, the executive vice president now directly owns 50,512 shares in the company, valued at approximately $14,539,879.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the sale, the chief executive officer now owns 505,509 shares of the company’s stock, valued at approximately $143,433,123.66. The disclosure for this sale can be found here. Insiders sold 80,076 shares of company stock valued at $24,095,258 in the last ninety days. Insiders own 1.50% of the company’s stock.

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.

See Also

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

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