Pinnacle Wealth Management LLC Buys Shares of 4,141 Williams-Sonoma, Inc. $WSM

Key Points

• Pinnacle Wealth Management LLC acquired a new stake in Williams-Sonoma, Inc., purchasing 4,141 shares worth approximately $655,000 in the first quarter.
• While CFO Jeffrey Howie and CEO Laura Alber sold portions of their stock holdings, a large majority of the company's shares, 99.29%, are owned by institutional investors.
• Williams-Sonoma recently reported a quarterly revenue increase of 4.2% year-over-year, with an EPS of $1.85, exceeding analysts' estimates.

Pinnacle Wealth Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,141 shares of the specialty retailer's stock, valued at approximately $655,000.

A number of other large investors also recently bought and sold shares of WSM. Heck Capital Advisors LLC acquired a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $37,000. Costello Asset Management INC acquired a new position in Williams-Sonoma during the first quarter worth $32,000. SOA Wealth Advisors LLC. acquired a new position in Williams-Sonoma during the first quarter worth $33,000. Sentry Investment Management LLC acquired a new position in Williams-Sonoma during the first quarter worth $32,000. Finally, Wayfinding Financial LLC acquired a new position in Williams-Sonoma during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WSM. KeyCorp raised Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 target price on the stock in a research note on Friday, April 25th. Gordon Haskett raised shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, July 23rd. Barclays set a $166.00 target price on shares of Williams-Sonoma and gave the stock an "equal weight" rating in a report on Monday, May 19th. Royal Bank Of Canada increased their target price on shares of Williams-Sonoma from $182.00 to $212.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Finally, The Goldman Sachs Group reduced their target price on shares of Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $180.18.

Williams-Sonoma Price Performance

Shares of NYSE:WSM traded down $2.45 during trading on Thursday, reaching $196.82. The company had a trading volume of 1,093,126 shares, compared to its average volume of 1,911,258. The firm has a market capitalization of $24.21 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 3.28 and a beta of 1.47. The stock's fifty day moving average price is $179.49 and its 200 day moving average price is $172.96. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98.

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 (EPS) 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 analyst estimates 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 was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.48 earnings per share. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business 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 dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.3%. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.90%.

Insider Buying and Selling

In other news, CFO Jeffrey Howie sold 4,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total transaction of $675,840.00. Following the transaction, the chief financial officer directly owned 34,388 shares of the company's stock, valued at approximately $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $168.18, for a total transaction of $5,045,400.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,000 shares of company stock worth $11,279,580. 1.10% of the stock is owned by company insiders.

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.