Horizon Investments LLC Buys New Shares in Williams-Sonoma, Inc. $WSM

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Horizon Investments LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,768 shares of the specialty retailer's stock, valued at approximately $278,000.

Other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC acquired a new position in shares of Williams-Sonoma during the first quarter valued at about $32,000. Costello Asset Management INC acquired a new position in shares of Williams-Sonoma during the first quarter valued at about $32,000. SOA Wealth Advisors LLC. acquired a new position in shares of Williams-Sonoma during the first quarter valued at about $33,000. Wayfinding Financial LLC acquired a new position in shares of Williams-Sonoma during the first quarter valued at about $35,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Williams-Sonoma during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Trading Down 0.7%

Shares of WSM stock opened at $201.81 on Tuesday. The stock has a market capitalization of $24.82 billion, a P/E ratio of 22.85, a PEG ratio of 3.28 and a beta of 1.47. The firm's 50 day moving average is $176.90 and its 200 day moving average is $172.63. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share (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 period in the prior year, the company posted $3.48 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

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 paid a $0.66 dividend. The ex-dividend date is Friday, July 18th. This represents a $2.64 annualized dividend and a yield of 1.3%. Williams-Sonoma's dividend payout ratio is currently 29.90%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WSM. Evercore ISI dropped their price objective on shares of Williams-Sonoma from $175.00 to $170.00 and set an "in-line" rating on the stock in a report on Tuesday, June 17th. KeyCorp upgraded shares of Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 price objective on the stock in a report on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, June 17th. Barclays set a $166.00 target price on shares of Williams-Sonoma and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Zelman & Associates assumed coverage on shares of Williams-Sonoma in a research report on Thursday, May 15th. They set an "underperform" rating for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Williams-Sonoma currently has an average rating of "Hold" and a consensus price target of $180.18.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $162,617,782.86. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total transaction of $675,840.00. Following the completion of the sale, the chief financial officer owned 34,388 shares in the company, valued at $5,810,196.48. This represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,000 shares of company stock worth $11,279,580 over the last quarter. Corporate insiders own 1.10% of the company's stock.

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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