Cerity Partners LLC lifted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 44.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,217 shares of the specialty retailer's stock after buying an additional 13,989 shares during the period. Cerity Partners LLC's holdings in Williams-Sonoma were worth $7,149,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of WSM. Brighton Jones LLC raised its stake in shares of Williams-Sonoma by 22.4% during the 4th quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer's stock worth $1,248,000 after buying an additional 1,236 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Williams-Sonoma by 8.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,676 shares of the specialty retailer's stock valued at $496,000 after purchasing an additional 203 shares in the last quarter. AlphaQuest LLC purchased a new position in Williams-Sonoma in the 4th quarter valued at approximately $55,000. EverSource Wealth Advisors LLC increased its stake in Williams-Sonoma by 15.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 396 shares of the specialty retailer's stock valued at $73,000 after purchasing an additional 53 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Williams-Sonoma by 2.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,575 shares of the specialty retailer's stock valued at $477,000 after purchasing an additional 70 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Wells Fargo & Company dropped their price objective on Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. UBS Group dropped their price objective on Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Evercore ISI dropped their price objective on Williams-Sonoma from $175.00 to $170.00 and set an "in-line" rating for the company in a research note on Tuesday, June 17th. The Goldman Sachs Group dropped their price objective on Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Baird R W raised Williams-Sonoma from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $176.75.
View Our Latest Research Report on WSM
Insiders Place Their Bets
In other news, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the sale, the chief financial officer owned 34,388 shares of the company's stock, valued at $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laura Alber sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $168.18, for a total value of $5,045,400.00. Following the sale, the chief executive officer directly owned 966,927 shares of the company's stock, valued at approximately $162,617,782.86. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,915 shares of company stock valued at $12,036,346. Company insiders own 1.10% of the company's stock.
Williams-Sonoma Stock Up 0.1%
Shares of NYSE:WSM traded up $0.22 during midday trading on Friday, reaching $170.42. The company's stock had a trading volume of 1,082,277 shares, compared to its average volume of 1,960,315. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.75 and a beta of 1.45. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The business has a 50 day moving average price of $164.79 and a 200 day moving average price of $174.29.
Williams-Sonoma (NYSE:WSM - Get Free Report) last announced 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 the consensus estimate of $1.67 billion. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.48 earnings per share. Sell-side analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal 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 given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, July 18th. Williams-Sonoma's dividend payout ratio is currently 29.90%.
Williams-Sonoma Company Profile
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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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