Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 68.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,985 shares of the specialty retailer's stock after acquiring an additional 4,457 shares during the period. Mackenzie Financial Corp's holdings in Williams-Sonoma were worth $2,034,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Williams-Sonoma by 42.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,679 shares of the specialty retailer's stock valued at $1,607,000 after buying an additional 2,567 shares during the last quarter. Brighton Jones LLC increased its position in shares of Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer's stock valued at $1,248,000 after buying an additional 1,236 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter worth approximately $483,000. Hamilton Point Investment Advisors LLC lifted its position in shares of Williams-Sonoma by 0.7% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 57,495 shares of the specialty retailer's stock valued at $10,647,000 after buying an additional 399 shares in the last quarter. Finally, Caprock Group LLC grew its stake in Williams-Sonoma by 3.6% in the 4th quarter. Caprock Group LLC now owns 9,013 shares of the specialty retailer's stock valued at $1,669,000 after acquiring an additional 310 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Trading Down 0.9%

WSM stock traded down $1.44 during midday trading on Wednesday, hitting $160.10. 1,524,201 shares of the company's stock were exchanged, compared to its average volume of 2,014,049. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The stock has a market capitalization of $19.69 billion, a PE ratio of 18.94, a P/E/G ratio of 2.89 and a beta of 1.57. The business has a 50-day simple moving average of $155.87 and a two-hundred day simple moving average of $177.96.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.67 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.48 earnings per share. As a group, research analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 24th. Shareholders of record on Thursday, April 17th were given a $0.66 dividend. The ex-dividend date was Thursday, April 17th. This is an increase from Williams-Sonoma's previous quarterly dividend of $0.57. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.65%. Williams-Sonoma's dividend payout ratio is currently 29.90%.

Analysts Set New Price Targets

WSM has been the subject of a number of research analyst reports. Royal Bank of Canada set a $182.00 price objective on shares of Williams-Sonoma and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Morgan Stanley lowered their price objective on Williams-Sonoma from $195.00 to $185.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company reduced their target price on Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. UBS Group lowered their price target on Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group reduced their price objective 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $177.06.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 915 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $141.69, for a total value of $129,646.35. Following the transaction, the chief financial officer now owns 46,388 shares of the company's stock, valued at $6,572,715.72. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the firm's 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 sale, the chief executive officer now owns 996,927 shares in the company, valued at approximately $163,825,013.91. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,227 shares of company stock valued at $18,520,913. Insiders own 1.10% of the company's stock.

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.