Commonwealth Equity Services LLC Boosts Position in Williams-Sonoma, Inc. (NYSE:WSM)

Commonwealth Equity Services LLC boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 16.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 32,498 shares of the specialty retailer’s stock after purchasing an additional 4,546 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Williams-Sonoma were worth $4,712,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. MAI Capital Management raised its holdings in Williams-Sonoma by 0.5% in the fourth quarter. MAI Capital Management now owns 12,234 shares of the specialty retailer’s stock valued at $2,069,000 after buying an additional 65 shares during the period. Albion Financial Group UT raised its stake in shares of Williams-Sonoma by 1.0% during the fourth quarter. Albion Financial Group UT now owns 8,109 shares of the specialty retailer’s stock valued at $1,371,000 after purchasing an additional 79 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of Williams-Sonoma by 3.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,605 shares of the specialty retailer’s stock valued at $441,000 after purchasing an additional 80 shares during the period. National Asset Management Inc. raised its stake in shares of Williams-Sonoma by 3.2% during the fourth quarter. National Asset Management Inc. now owns 2,639 shares of the specialty retailer’s stock valued at $447,000 after purchasing an additional 81 shares during the period. Finally, CWM LLC raised its stake in shares of Williams-Sonoma by 42.5% during the first quarter. CWM LLC now owns 285 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 99.66% of the company’s stock.

Insider Activity

In other news, CFO Julie Whalen sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the chief financial officer now owns 101,239 shares of the company’s stock, valued at $13,161,070. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Julie Whalen sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the chief financial officer now owns 101,239 shares of the company’s stock, valued at $13,161,070. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan Ross sold 10,400 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $127.42, for a total transaction of $1,325,168.00. Following the transaction, the insider now directly 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. Over the last quarter, insiders sold 20,400 shares of company stock valued at $2,678,468. 1.70% of the stock is currently owned by company insiders.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $144.75 on Friday. The company has a market cap of $9.95 billion, a PE ratio of 9.39, a P/E/G ratio of 1.54 and a beta of 1.63. The company has a fifty day moving average price of $127.84 and a two-hundred day moving average price of $138.17. Williams-Sonoma, Inc. has a 12 month low of $101.58 and a 12 month high of $223.32.

Williams-Sonoma (NYSE:WSMGet Rating) last released its quarterly earnings data on Wednesday, May 25th. The specialty retailer reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.51. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a net margin of 13.74% and a return on equity of 76.64%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 earnings per share. Equities research analysts anticipate that Williams-Sonoma, Inc. will post 16.08 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 22nd will be issued a dividend of $0.78 per share. 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 (DPR) is 20.25%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Williams-Sonoma from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Citigroup dropped their price objective on shares of Williams-Sonoma from $168.00 to $138.00 in a research note on Friday, May 13th. Gordon Haskett lowered shares of Williams-Sonoma from an “accumulate” rating to a “reduce” rating in a research note on Friday, May 6th. Telsey Advisory Group dropped their price objective on shares of Williams-Sonoma from $198.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. Finally, Royal Bank of Canada dropped their price target on shares of Williams-Sonoma from $220.00 to $185.00 in a research note on Thursday, May 26th. Six 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $153.69.

Williams-Sonoma 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.

See Also

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

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