Raiffeisen Bank International AG Has $842,000 Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Key Points

• Raiffeisen Bank International AG reduced its stake in Williams-Sonoma, Inc. by 32.1%, leaving them with 5,296 shares worth approximately $842,000.
• Several institutional investors have taken new positions in Williams-Sonoma, with 99.29% of the stock now owned by institutional investors and hedge funds.
• Williams-Sonoma recently announced a quarterly dividend of $0.66, representing an annualized yield of 1.3%, with a dividend payout ratio of 29.90%.

Raiffeisen Bank International AG trimmed its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 32.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,296 shares of the specialty retailer's stock after selling 2,500 shares during the quarter. Raiffeisen Bank International AG's holdings in Williams-Sonoma were worth $842,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $37,000. SOA Wealth Advisors LLC. purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $33,000. Sentry Investment Management LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $32,000. Wayfinding Financial LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $35,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Williams-Sonoma by 123.6% during the first quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock valued at $39,000 after buying an additional 136 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Williams-Sonoma in a report on Tuesday, May 13th. Evercore ISI cut their price objective on 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. The Goldman Sachs Group cut their price objective on Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Baird R W upgraded Williams-Sonoma from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Robert W. Baird raised Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price target on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of "Hold" and a consensus price target of $178.41.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $200.79 on Tuesday. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The firm has a fifty day moving average of $168.43 and a 200 day moving average of $173.25. The firm has a market capitalization of $24.70 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced 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. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business earned $3.48 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, July 18th. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.90%.

Insiders Place Their Bets

In related news, CEO Laura Alber sold 30,000 shares of Williams-Sonoma 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 transaction, the chief executive officer owned 996,927 shares in the company, valued at $163,825,013.91. This trade 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 the SEC website. Also, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction on Tuesday, July 1st. The stock was 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. The trade was a 10.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,000 shares of company stock worth $11,279,580. 1.10% of the stock is owned by corporate 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.

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