Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,062 shares of the specialty retailer's stock after selling 5,175 shares during the quarter. Williams-Sonoma comprises 2.6% of Glassy Mountain Advisors Inc.'s investment portfolio, making the stock its 18th biggest position. Glassy Mountain Advisors Inc.'s holdings in Williams-Sonoma were worth $7,282,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WSM shares. Robert W. Baird raised shares of Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price target on the stock in a research report on Monday, April 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research note on Tuesday, June 17th. Wedbush dropped their price target on shares of Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Morgan Stanley reduced their price target on shares of Williams-Sonoma from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Finally, Wells Fargo & Company lowered their price objective on Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. One research 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $176.75.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $164.33, for a total value of $4,929,900.00. Following the sale, the chief executive officer owned 996,927 shares of the company's stock, valued at $163,825,013.91. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Karalyn Yearout sold 8,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $151.53, for a total value of $1,212,240.00. Following the transaction, the executive vice president directly owned 16,505 shares of the company's stock, valued at approximately $2,501,002.65. This represents a 32.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,915 shares of company stock valued at $8,203,186 in the last three months. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Stock Performance

Shares of WSM traded down $0.12 during mid-day trading on Friday, hitting $173.06. 746,331 shares of the company's stock were exchanged, compared to its average volume of 1,975,351. The stock's 50-day moving average is $161.66 and its 200-day moving average is $175.51. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The company has a market cap of $21.29 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.80 and a beta of 1.45.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share 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 firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $3.48 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

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

Williams-Sonoma 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.