Concord Asset Management LLC VA Cuts Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Concord Asset Management LLC VA decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 47.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,879 shares of the specialty retailer's stock after selling 11,811 shares during the period. Concord Asset Management LLC VA's holdings in Williams-Sonoma were worth $1,879,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Sentry Investment Management LLC bought a new stake in Williams-Sonoma in the first quarter valued at approximately $32,000. SOA Wealth Advisors LLC. bought a new stake in Williams-Sonoma in the first quarter valued at approximately $33,000. Wayfinding Financial LLC purchased a new position in Williams-Sonoma during the 1st quarter valued at about $35,000. Heck Capital Advisors LLC purchased a new position in Williams-Sonoma during the 4th quarter valued at about $37,000. Finally, Golden State Wealth Management LLC increased its holdings in Williams-Sonoma by 123.6% during the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock valued at $39,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Insider Activity

In related 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 transaction, the chief financial officer directly owned 34,388 shares in the company, valued at approximately $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction 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 completion of the transaction, the chief executive officer owned 996,927 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 42,915 shares of company stock valued at $6,990,946. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WSM. Robert W. Baird upgraded Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price target on the stock in a report on Monday, April 7th. Royal Bank Of Canada set a $182.00 target price on shares of Williams-Sonoma and gave the company an "outperform" rating in a research note on Friday, May 23rd. Zelman & Associates assumed coverage on shares of Williams-Sonoma in a research note on Thursday, May 15th. They set an "underperform" rating on the stock. KeyCorp raised shares of Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 target price on the stock in a research note on Friday, April 25th. Finally, Wedbush cut their target price 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 given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $176.75.

Williams-Sonoma Trading Down 2.4%

Shares of WSM opened at $170.61 on Tuesday. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The stock's 50 day moving average is $164.07 and its two-hundred day moving average is $174.64. The firm has a market cap of $20.99 billion, a P/E ratio of 19.32, a PEG ratio of 2.83 and a beta of 1.45.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. Williams-Sonoma's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 18th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, July 18th. Williams-Sonoma's dividend payout ratio is currently 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.

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