HS Management Partners LLC Has $33.87 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

HS Management Partners LLC decreased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,232 shares of the specialty retailer's stock after selling 164,966 shares during the period. Williams-Sonoma makes up about 2.7% of HS Management Partners LLC's investment portfolio, making the stock its 22nd largest holding. HS Management Partners LLC owned about 0.17% of Williams-Sonoma worth $33,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new stake in shares of Williams-Sonoma during the 1st quarter worth about $32,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Williams-Sonoma during the 1st quarter worth about $33,000. Wayfinding Financial LLC acquired a new stake in shares of Williams-Sonoma during the 1st quarter worth about $35,000. Heck Capital Advisors LLC acquired a new stake in shares of Williams-Sonoma during the 4th quarter worth about $37,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Williams-Sonoma by 123.6% during the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock worth $39,000 after buying an additional 136 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer owned 34,388 shares in the company, valued at $5,810,196.48. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 996,927 shares in the company, valued at $163,825,013.91. The trade was a 2.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,915 shares of company stock valued at $12,036,346. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WSM shares. UBS Group decreased their price target 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. Zelman & Associates started coverage on shares of Williams-Sonoma in a report on Thursday, May 15th. They set an "underperform" rating on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Williams-Sonoma in a report on Tuesday, May 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $215.00 price target on shares of Williams-Sonoma in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group decreased their price target 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 research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Williams-Sonoma has a consensus rating of "Hold" and an average price target of $176.75.

Williams-Sonoma Stock Up 0.1%

Shares of Williams-Sonoma stock traded up $0.22 during trading hours on Friday, reaching $170.42. 1,082,277 shares of the stock traded hands, compared to its average volume of 1,963,941. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.75 and a beta of 1.45. The company has a 50 day moving average price of $164.79 and a 200 day moving average price of $174.29.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its 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. The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.67 billion. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.48 EPS. Sell-side analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, July 18th. This represents a $2.64 annualized dividend and a dividend yield of 1.55%. Williams-Sonoma's dividend payout ratio is currently 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.