Amalgamated Bank Has $3.95 Million Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Amalgamated Bank trimmed its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 59.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,994 shares of the specialty retailer's stock after selling 36,181 shares during the quarter. Amalgamated Bank's holdings in Williams-Sonoma were worth $3,952,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in shares of Williams-Sonoma during the 1st quarter valued at about $32,000. SOA Wealth Advisors LLC. bought a new stake in Williams-Sonoma during the first quarter worth approximately $33,000. Heck Capital Advisors LLC acquired a new position in Williams-Sonoma during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC boosted its holdings in shares of Williams-Sonoma by 123.6% during the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock worth $39,000 after buying an additional 136 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in Williams-Sonoma in the 1st quarter valued at $43,000. 99.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $164.33, for a total value of $4,929,900.00. Following the transaction, the chief executive officer owned 996,927 shares of the company's stock, valued at approximately $163,825,013.91. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Karalyn Yearout sold 8,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $151.53, for a total transaction of $1,212,240.00. Following the sale, the executive vice president directly owned 16,505 shares of the company's stock, valued at $2,501,002.65. This represents a 32.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,915 shares of company stock worth $8,203,186 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WSM shares. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, June 17th. JPMorgan Chase & Co. increased their target price on Williams-Sonoma from $153.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Williams-Sonoma in a report on Tuesday, May 13th. Evercore ISI cut their price target on Williams-Sonoma from $175.00 to $170.00 and set an "in-line" rating for the company in a report on Tuesday, June 17th. Finally, Wedbush lowered their price objective on shares of Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Williams-Sonoma currently has an average rating of "Hold" and a consensus target price of $176.75.

Williams-Sonoma Price Performance

Shares of NYSE:WSM traded down $0.12 during trading on Friday, reaching $173.06. The stock had a trading volume of 746,331 shares, compared to its average volume of 1,975,351. The stock has a market capitalization of $21.29 billion, a PE ratio of 19.60, a P/E/G ratio of 2.80 and a beta of 1.45. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The business's 50-day moving average price is $161.66 and its 200 day moving average price is $175.51.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.67 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.48 EPS. Analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 18th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, July 18th. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.90%.

About Williams-Sonoma

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.