Kintegral Advisory LLC Cuts Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Kintegral Advisory LLC trimmed its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,950 shares of the specialty retailer's stock after selling 3,899 shares during the period. Kintegral Advisory LLC's holdings in Williams-Sonoma were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in WSM. Norges Bank bought a new position in shares of Williams-Sonoma during the 4th quarter worth approximately $290,121,000. Marshall Wace LLP acquired a new stake in Williams-Sonoma during the fourth quarter valued at $87,148,000. Renaissance Technologies LLC grew its position in Williams-Sonoma by 64.1% during the fourth quarter. Renaissance Technologies LLC now owns 989,700 shares of the specialty retailer's stock valued at $183,273,000 after buying an additional 386,500 shares during the period. GAMMA Investing LLC lifted its stake in shares of Williams-Sonoma by 16,087.6% in the first quarter. GAMMA Investing LLC now owns 264,343 shares of the specialty retailer's stock worth $41,793,000 after buying an additional 262,710 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Williams-Sonoma by 15.1% in the fourth quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer's stock valued at $352,283,000 after purchasing an additional 249,389 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WSM has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating for the company in a report on Monday, May 5th. UBS Group dropped their price objective on shares of Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Royal Bank Of Canada set a $182.00 price target on shares of Williams-Sonoma and gave the stock an "outperform" rating in a report on Friday, May 23rd. Wedbush lowered their price target on shares of Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Finally, Wells Fargo & Company lowered their price target on shares of Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $176.75.

Williams-Sonoma Trading Down 2.4%

Shares of NYSE:WSM traded down $4.19 on Monday, reaching $169.00. 533,438 shares of the company were exchanged, compared to its average volume of 1,973,778. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.80 and a beta of 1.45. The company has a 50-day moving average of $162.09 and a 200-day moving average of $175.24.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.73 billion for 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 business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.48 EPS. As a group, analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be paid 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 1.56%. Williams-Sonoma's payout ratio is 29.90%.

Insider Activity at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 8,000 shares of the stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Howie sold 4,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total transaction of $675,840.00. Following the completion of the transaction, the chief financial officer 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 disclosure for this sale can be found here. In the last three months, insiders have sold 50,915 shares of company stock valued at $8,203,186. 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.