Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 4.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,280 shares of the specialty retailer's stock after selling 2,075 shares during the period. Telos Capital Management Inc.'s holdings in Williams-Sonoma were worth $6,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redwood Investment Management LLC purchased a new position in Williams-Sonoma in the 4th quarter valued at approximately $1,424,000. Sequoia Financial Advisors LLC boosted its position in Williams-Sonoma by 26.4% in 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 during the period. Abacus FCF Advisors LLC boosted its position in Williams-Sonoma by 46.2% in 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 during the period. Allspring Global Investments Holdings LLC purchased a new position in Williams-Sonoma in the 1st quarter valued at approximately $895,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Williams-Sonoma by 10.6% in 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 during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Performance

NYSE WSM traded down $1.53 during trading on Friday, reaching $174.97. The company's stock had a trading volume of 837,573 shares, compared to its average volume of 1,968,179. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.85 and a beta of 1.45. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98. The business's fifty day moving average price is $163.83 and its 200-day moving average price is $174.93.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The company 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%. Williams-Sonoma's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.48 earnings per share. As a group, sell-side analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, July 18th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, July 18th. Williams-Sonoma's payout ratio is 29.90%.

Insider Activity

In other 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 transaction of $675,840.00. Following the completion of the sale, the chief financial officer directly 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 transaction 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 business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $164.33, for a total value of $4,929,900.00. Following the sale, the chief executive officer directly owned 996,927 shares in the company, valued at $163,825,013.91. This trade represents a 2.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,915 shares of company stock worth $6,990,946. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on WSM shares. Baird R W raised shares of Williams-Sonoma from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. UBS Group decreased their price objective on shares of Williams-Sonoma from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. The Goldman Sachs Group decreased their price objective on shares of Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wedbush decreased their price objective on shares of Williams-Sonoma from $190.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, KeyCorp raised shares of Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 price objective for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Williams-Sonoma has an average rating of "Hold" and a consensus target price of $176.75.

About Williams-Sonoma

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.