SkyOak Wealth LLC Has $213,000 Stake in Williams-Sonoma, Inc. (NYSE:WSM)

SkyOak Wealth LLC lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 53.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,345 shares of the specialty retailer's stock after selling 1,518 shares during the period. SkyOak Wealth LLC's holdings in Williams-Sonoma were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp raised its holdings in Williams-Sonoma by 15.1% during the fourth quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer's stock worth $352,283,000 after buying an additional 249,389 shares during the last quarter. Norges Bank bought a new stake in shares of Williams-Sonoma during the fourth quarter worth about $290,121,000. Renaissance Technologies LLC raised its holdings in shares of Williams-Sonoma by 64.1% in the 4th quarter. Renaissance Technologies LLC now owns 989,700 shares of the specialty retailer's stock worth $183,273,000 after acquiring an additional 386,500 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Williams-Sonoma by 4.0% in the 4th quarter. Captrust Financial Advisors now owns 645,402 shares of the specialty retailer's stock worth $119,516,000 after acquiring an additional 24,741 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Williams-Sonoma in the 4th quarter worth about $87,148,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Insider Buying and Selling

In related news, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 996,927 shares of the company's stock, valued at $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. Insiders sold a total of 42,915 shares of company stock valued at $6,990,946 over the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WSM shares. KeyCorp upgraded shares of Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 target price on the stock in a report on Friday, April 25th. Morgan Stanley lowered their target price on shares of Williams-Sonoma from $195.00 to $185.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. UBS Group lowered their target price on shares of Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Robert W. Baird upgraded shares of Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 target price on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company lowered their target price on shares of Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $176.75.

Williams-Sonoma Stock Down 0.9%

Shares of WSM stock opened at $174.97 on Friday. The company has a 50 day moving average of $163.83 and a 200-day moving average of $174.84. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98. The firm has a market cap of $21.52 billion, a P/E ratio of 19.82, a PEG ratio of 2.83 and a beta of 1.45.

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 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 quarter last year, the business posted $3.48 EPS. Williams-Sonoma's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Announces Dividend

The firm 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 $0.66 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a yield of 1.51%. Williams-Sonoma's dividend payout ratio is 29.90%.

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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