Steward Partners Investment Advisory LLC Increases Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Steward Partners Investment Advisory LLC increased its holdings in Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 76.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,461 shares of the specialty retailer’s stock after purchasing an additional 635 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Williams-Sonoma were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WSM. HS Management Partners LLC grew its position in shares of Williams-Sonoma by 61.6% in the first quarter. HS Management Partners LLC now owns 1,655,704 shares of the specialty retailer’s stock valued at $240,077,000 after purchasing an additional 630,830 shares during the period. Bank of America Corp DE boosted its holdings in Williams-Sonoma by 151.9% in the first quarter. Bank of America Corp DE now owns 488,538 shares of the specialty retailer’s stock valued at $70,839,000 after acquiring an additional 294,602 shares during the last quarter. First Trust Advisors LP boosted its holdings in Williams-Sonoma by 24.1% in the first quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock valued at $204,292,000 after acquiring an additional 273,424 shares during the last quarter. UBS Group AG boosted its holdings in Williams-Sonoma by 289.0% in the first quarter. UBS Group AG now owns 214,533 shares of the specialty retailer’s stock valued at $31,107,000 after acquiring an additional 159,388 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new position in Williams-Sonoma in the first quarter valued at $15,343,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Williams-Sonoma Stock Down 3.1 %

Shares of Williams-Sonoma stock opened at $115.23 on Thursday. The firm has a market cap of $7.69 billion, a P/E ratio of 7.17, a P/E/G ratio of 1.29 and a beta of 1.61. Williams-Sonoma, Inc. has a fifty-two week low of $101.58 and a fifty-two week high of $223.32. The business has a 50-day moving average price of $127.82 and a 200 day moving average price of $131.58.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 EPS for the quarter, beating the consensus estimate of $3.54 by $0.33. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.03 billion. Williams-Sonoma had a return on equity of 81.21% and a net margin of 13.68%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.24 earnings per share. As a group, equities research analysts anticipate that Williams-Sonoma, Inc. will post 16.7 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, October 21st will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.71%. Williams-Sonoma’s dividend payout ratio is presently 19.42%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $190.00 to $110.00 in a report on Tuesday. Barclays lifted their target price on Williams-Sonoma from $173.00 to $192.00 and gave the company an “overweight” rating in a report on Thursday, August 25th. Telsey Advisory Group lifted their target price on Williams-Sonoma from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. Morgan Stanley boosted their price objective on Williams-Sonoma from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, August 29th. Finally, Citigroup reduced their price objective on Williams-Sonoma from $156.00 to $135.00 in a research note on Monday, October 31st. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.81.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $150.43, for a total transaction of $3,008,600.00. Following the completion of the transaction, the chief executive officer now directly owns 501,653 shares in the company, valued at $75,463,660.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

About Williams-Sonoma

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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.

Further Reading

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

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