Victory Capital Management Inc. Acquires 48,890 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Victory Capital Management Inc. increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 35.1% during the first quarter, Holdings Channel reports. The fund owned 188,255 shares of the specialty retailer’s stock after purchasing an additional 48,890 shares during the period. Victory Capital Management Inc.’s holdings in Williams-Sonoma were worth $24,564,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. MAI Capital Management grew its position in Williams-Sonoma by 0.5% during the 4th quarter. MAI Capital Management now owns 12,234 shares of the specialty retailer’s stock worth $2,069,000 after acquiring an additional 65 shares during the last quarter. Albion Financial Group UT boosted its position in Williams-Sonoma by 1.0% in the 4th quarter. Albion Financial Group UT now owns 8,109 shares of the specialty retailer’s stock valued at $1,371,000 after buying an additional 79 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in Williams-Sonoma by 3.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,605 shares of the specialty retailer’s stock valued at $441,000 after buying an additional 80 shares during the last quarter. National Asset Management Inc. boosted its position in Williams-Sonoma by 3.2% in the 4th quarter. National Asset Management Inc. now owns 2,639 shares of the specialty retailer’s stock valued at $447,000 after buying an additional 81 shares during the last quarter. Finally, CWM LLC boosted its position in Williams-Sonoma by 42.5% in the 1st quarter. CWM LLC now owns 285 shares of the specialty retailer’s stock valued at $41,000 after buying an additional 85 shares during the last quarter. 99.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WSM. Citigroup decreased their price objective on Williams-Sonoma from $168.00 to $138.00 in a research report on Friday, May 13th. Morgan Stanley decreased their price objective on Williams-Sonoma from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. The Goldman Sachs Group decreased their price objective on Williams-Sonoma from $121.00 to $100.00 and set a “sell” rating on the stock in a research report on Thursday, June 23rd. Barclays decreased their price objective on Williams-Sonoma from $186.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Finally, UBS Group cut their price target on Williams-Sonoma from $140.00 to $100.00 and set a “sell” rating on the stock in a research note on Tuesday, May 24th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $153.69.

Williams-Sonoma Trading Up 2.3 %

Shares of Williams-Sonoma stock opened at $144.69 on Thursday. The company has a market capitalization of $9.95 billion, a PE ratio of 9.39, a PEG ratio of 1.59 and a beta of 1.63. Williams-Sonoma, Inc. has a 12 month low of $101.58 and a 12 month high of $223.32. The stock’s fifty day simple moving average is $127.55 and its 200 day simple moving average is $138.13.

Williams-Sonoma (NYSE:WSMGet Rating) last issued its quarterly earnings data on Wednesday, May 25th. The specialty retailer reported $3.50 EPS for the quarter, topping the consensus estimate of $2.99 by $0.51. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a return on equity of 76.64% and a net margin of 13.74%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. Analysts predict that Williams-Sonoma, Inc. will post 16.08 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 22nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, July 21st. Williams-Sonoma’s dividend payout ratio is 20.25%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, insider Ryan Ross sold 10,400 shares of Williams-Sonoma stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $127.42, for a total value of $1,325,168.00. Following the sale, the insider now owns 21,269 shares of the company’s stock, valued at approximately $2,710,095.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Julie Whalen sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $140.66, for a total value of $703,300.00. Following the completion of the transaction, the chief financial officer now owns 96,239 shares in the company, valued at approximately $13,536,977.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Ross sold 10,400 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.42, for a total value of $1,325,168.00. Following the completion of the transaction, the insider now owns 21,269 shares of the company’s stock, valued at approximately $2,710,095.98. The disclosure for this sale can be found here. Insiders have sold 20,400 shares of company stock valued at $2,678,468 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Williams-Sonoma Company Profile

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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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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