Penserra Capital Management LLC reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,430 shares of the specialty retailer's stock after selling 4,213 shares during the quarter. Penserra Capital Management LLC's holdings in Williams-Sonoma were worth $1,490,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WSM. Mariner LLC boosted its stake in shares of Williams-Sonoma by 0.4% in the fourth quarter. Mariner LLC now owns 11,225 shares of the specialty retailer's stock worth $2,079,000 after acquiring an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Williams-Sonoma by 15.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 396 shares of the specialty retailer's stock worth $73,000 after acquiring an additional 53 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Williams-Sonoma by 2.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,575 shares of the specialty retailer's stock worth $477,000 after acquiring an additional 70 shares during the last quarter. First Bank & Trust boosted its stake in shares of Williams-Sonoma by 5.1% in the first quarter. First Bank & Trust now owns 1,463 shares of the specialty retailer's stock worth $231,000 after acquiring an additional 71 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Williams-Sonoma by 1.1% in the fourth quarter. Synovus Financial Corp now owns 6,969 shares of the specialty retailer's stock worth $1,291,000 after acquiring an additional 76 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the sale, the chief executive officer owned 996,927 shares in the company, valued at $163,825,013.91. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Howie sold 4,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total value of $675,840.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,915 shares of company stock worth $6,990,946. 1.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WSM. Zelman & Associates began coverage on Williams-Sonoma in a research note on Thursday, May 15th. They set an "underperform" rating on the stock. Wells Fargo & Company lowered their price objective on Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group lowered their price objective on Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Baird R W raised Williams-Sonoma from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, UBS Group lowered their price objective 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $176.75.
View Our Latest Report on WSM
Williams-Sonoma Price Performance
Shares of WSM stock traded down $1.53 on Friday, hitting $174.97. The stock had a trading volume of 826,152 shares, compared to its average volume of 1,966,849. The firm has a market capitalization of $21.52 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.81 and a beta of 1.45. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The company's 50 day moving average price is $163.54 and its 200-day moving average price is $175.02.
Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly 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 return on equity of 52.79% and a net margin of 14.35%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $3.48 EPS. Williams-Sonoma's revenue was up 4.2% on a year-over-year basis. On average, 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. Shareholders of record on Friday, July 18th will be issued 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 yield of 1.51%. Williams-Sonoma's dividend payout ratio (DPR) is 29.90%.
About Williams-Sonoma
(
Free Report)
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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