Chevy Chase Trust Holdings LLC Invests $10.21 Million in Williams-Sonoma, Inc. (NYSE:WSM)

Chevy Chase Trust Holdings LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,558 shares of the specialty retailer's stock, valued at approximately $10,207,000. Chevy Chase Trust Holdings LLC owned 0.05% of Williams-Sonoma at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Redwood Investment Management LLC bought a new stake in shares of Williams-Sonoma during the fourth quarter valued at approximately $1,424,000. Abacus FCF Advisors LLC raised its stake in Williams-Sonoma by 46.2% during the fourth quarter. Abacus FCF Advisors LLC now owns 23,950 shares of the specialty retailer's stock worth $4,435,000 after acquiring an additional 7,564 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Williams-Sonoma by 5.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 109,359 shares of the specialty retailer's stock worth $20,251,000 after acquiring an additional 5,337 shares in the last quarter. National Pension Service raised its stake in Williams-Sonoma by 1.0% during the fourth quarter. National Pension Service now owns 316,535 shares of the specialty retailer's stock worth $58,616,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Williams-Sonoma by 132.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,905 shares of the specialty retailer's stock worth $723,000 after purchasing an additional 2,222 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WSM has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Williams-Sonoma in a research note on Tuesday, May 13th. Barclays set a $166.00 price target on Williams-Sonoma and gave the company an "equal weight" rating in a research note on Monday, May 19th. KeyCorp upgraded Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 target price for the company in a research note on Friday, April 25th. Evercore ISI dropped 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, 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 report on Monday, May 5th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $176.75.

Insiders Place Their Bets

In other news, EVP Karalyn Yearout sold 8,000 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $151.53, for a total value of $1,212,240.00. Following the completion of the transaction, the executive vice president now directly owns 16,505 shares in the company, valued at approximately $2,501,002.65. This represents a 32.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the completion of the transaction, the chief executive officer now owns 996,927 shares of the company's stock, valued at $163,825,013.91. This trade represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,915 shares of company stock valued at $7,527,346. Insiders own 1.10% of the company's stock.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $162.12 on Friday. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The firm has a 50-day simple moving average of $159.13 and a two-hundred day simple moving average of $176.31. The company has a market cap of $19.94 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.57 and a beta of 1.47.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The firm 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 last year, the company posted $3.48 EPS. Equities research 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. Shareholders of record on Friday, July 18th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, July 18th. Williams-Sonoma's payout ratio is currently 29.90%.

Williams-Sonoma Company Profile

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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