Mutual of America Capital Management LLC Sells 52,444 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Mutual of America Capital Management LLC lessened its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 78.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,294 shares of the specialty retailer's stock after selling 52,444 shares during the period. Mutual of America Capital Management LLC's holdings in Williams-Sonoma were worth $2,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Investment Management LLC bought a new position in shares of Williams-Sonoma during the 4th quarter valued at about $1,424,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Williams-Sonoma during the 1st quarter valued at about $895,000. Sequoia Financial Advisors LLC raised its position in shares of Williams-Sonoma by 26.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer's stock valued at $7,019,000 after buying an additional 9,266 shares in the last quarter. Abacus FCF Advisors LLC raised its position in shares of Williams-Sonoma by 46.2% during the 4th quarter. Abacus FCF Advisors LLC now owns 23,950 shares of the specialty retailer's stock valued at $4,435,000 after buying an additional 7,564 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Williams-Sonoma by 10.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer's stock valued at $2,751,000 after buying an additional 1,673 shares in the last quarter. Institutional investors own 99.29% of the company's stock.

Williams-Sonoma Trading Up 0.1%

NYSE:WSM opened at $170.42 on Friday. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The firm has a fifty day simple moving average of $164.79 and a 200-day simple moving average of $174.21. The company has a market capitalization of $20.96 billion, a P/E ratio of 19.30, a PEG ratio of 2.75 and a beta of 1.45.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued 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. 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 14.35% and a return on equity of 52.79%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.48 earnings per share. Equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.64 annualized dividend and a dividend yield of 1.55%. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.90%.

Insider Activity

In related news, 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 sale, the chief financial officer owned 34,388 shares of the company's stock, valued at approximately $5,810,196.48. This represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the sale, the chief executive officer directly owned 996,927 shares of the company's stock, valued at approximately $163,825,013.91. This represents a 2.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,915 shares of company stock valued at $12,036,346. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WSM shares. Telsey Advisory Group restated an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, June 17th. UBS Group reduced their price objective on shares of Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Robert W. Baird raised shares of Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price objective on the stock in a research report on Monday, April 7th. Evercore ISI reduced 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 research report on Tuesday, June 17th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $176.75.

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.

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