Moran Wealth Management LLC Sells 12,675 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Moran Wealth Management LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 179,213 shares of the specialty retailer's stock after selling 12,675 shares during the period. Williams-Sonoma comprises approximately 1.3% of Moran Wealth Management LLC's holdings, making the stock its 7th biggest position. Moran Wealth Management LLC owned approximately 0.28% of Williams-Sonoma worth $36,161,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Williams-Sonoma in the 3rd quarter worth approximately $153,000. Cambridge Investment Research Advisors Inc. grew its holdings in Williams-Sonoma by 11.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,270 shares of the specialty retailer's stock valued at $1,130,000 after buying an additional 761 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Williams-Sonoma by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,598 shares of the specialty retailer's stock valued at $1,958,000 after buying an additional 1,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Williams-Sonoma by 56.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,859 shares of the specialty retailer's stock valued at $4,485,000 after buying an additional 10,450 shares in the last quarter. Finally, Advisor Partners II LLC grew its holdings in Williams-Sonoma by 12.2% during the 3rd quarter. Advisor Partners II LLC now owns 2,727 shares of the specialty retailer's stock valued at $424,000 after buying an additional 297 shares in 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, CEO Marta Benson sold 2,184 shares of Williams-Sonoma stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total value of $685,732.32. Following the transaction, the chief executive officer now owns 48,364 shares in the company, valued at $15,185,328.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Laura Alber sold 20,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the sale, the chief executive officer now owns 505,509 shares in the company, valued at $143,433,123.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marta Benson sold 2,184 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total value of $685,732.32. Following the sale, the chief executive officer now owns 48,364 shares in the company, valued at approximately $15,185,328.72. The disclosure for this sale can be found here. Insiders have sold 41,145 shares of company stock worth $12,182,219 over the last quarter. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

WSM has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $261.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, March 14th. Evercore ISI raised their target price on shares of Williams-Sonoma from $310.00 to $315.00 and gave the company an "in-line" rating in a report on Tuesday. The Goldman Sachs Group raised shares of Williams-Sonoma from a "sell" rating to a "neutral" rating and raised their target price for the company from $154.00 to $263.00 in a report on Thursday, March 14th. UBS Group raised their target price on shares of Williams-Sonoma from $195.00 to $255.00 and gave the company a "sell" rating in a report on Tuesday, March 19th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Williams-Sonoma in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $257.13.

Williams-Sonoma Stock Up 0.5 %

Shares of WSM stock traded up $1.53 on Tuesday, hitting $317.15. The stock had a trading volume of 841,819 shares, compared to its average volume of 978,383. The business has a 50 day moving average price of $291.02 and a 200 day moving average price of $229.67. The company has a market cap of $20.38 billion, a PE ratio of 21.77, a P/E/G ratio of 2.66 and a beta of 1.72. Williams-Sonoma, Inc. has a one year low of $109.44 and a one year high of $322.04.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, beating the consensus estimate of $5.06 by $0.38. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The firm's quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $5.50 earnings per share. Equities research analysts expect that Williams-Sonoma, Inc. will post 15.36 EPS for the current year.

Williams-Sonoma Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 19th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, April 18th. This is a positive change from Williams-Sonoma's previous quarterly dividend of $0.90. Williams-Sonoma's payout ratio is 31.02%.

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.