Concord Wealth Partners reduced its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 51.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,806 shares of the specialty retailer's stock after selling 12,473 shares during the period. Concord Wealth Partners' holdings in Williams-Sonoma were worth $1,867,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Graypoint LLC increased its holdings in Williams-Sonoma by 1.5% in the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock valued at $757,000 after purchasing an additional 69 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Williams-Sonoma by 50.3% in the 1st quarter. Cullen Frost Bankers Inc. now owns 1,166 shares of the specialty retailer's stock valued at $184,000 after purchasing an additional 390 shares in the last quarter. Larson Financial Group LLC increased its holdings in Williams-Sonoma by 11.9% in the 1st quarter. Larson Financial Group LLC now owns 2,120 shares of the specialty retailer's stock valued at $335,000 after purchasing an additional 226 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Williams-Sonoma by 52.8% in the 1st quarter. Wealthfront Advisers LLC now owns 1,831 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 633 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Williams-Sonoma by 130.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,294 shares of the specialty retailer's stock valued at $205,000 after purchasing an additional 733 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma Stock Performance
Shares of WSM stock traded up $0.22 during trading hours on Friday, hitting $170.42. 1,082,277 shares of the company were exchanged, compared to its average volume of 1,957,143. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The business's 50-day simple moving average is $164.59 and its two-hundred day simple moving average is $174.39. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.67 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 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the company posted $3.48 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.
Williams-Sonoma Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 18th will be issued a $0.66 dividend. The ex-dividend date is Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a yield of 1.55%. Williams-Sonoma's dividend payout ratio is currently 29.90%.
Insider Transactions at Williams-Sonoma
In other Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total value of $675,840.00. Following the transaction, the chief financial officer owned 34,388 shares of the company's stock, valued at $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 30,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was 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 directly owned 996,927 shares in the company, valued at $163,825,013.91. This represents a 2.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,915 shares of company stock worth $12,036,346 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price 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. Telsey Advisory Group restated an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research note on Tuesday, June 17th. Wedbush lowered their target price on Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Royal Bank Of Canada set a $182.00 target price on Williams-Sonoma and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised 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. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $176.75.
Check Out Our Latest Analysis on WSM
About Williams-Sonoma
(
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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