Prospera Financial Services Inc Has $262,000 Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Prospera Financial Services Inc grew its position in Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,220 shares of the specialty retailer’s stock after purchasing an additional 318 shares during the period. Prospera Financial Services Inc’s holdings in Williams-Sonoma were worth $262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Williams-Sonoma by 1.3% in the 3rd quarter. Nordea Investment Management AB now owns 103,899 shares of the specialty retailer’s stock valued at $12,438,000 after purchasing an additional 1,314 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $246,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $5,119,000. Dupont Capital Management Corp boosted its stake in shares of Williams-Sonoma by 34.0% in the 2nd quarter. Dupont Capital Management Corp now owns 10,320 shares of the specialty retailer’s stock valued at $1,145,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Intersect Capital LLC lifted its position in Williams-Sonoma by 51.8% during the 2nd quarter. Intersect Capital LLC now owns 3,872 shares of the specialty retailer’s stock worth $430,000 after buying an additional 1,322 shares in the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.

Insider Buying and Selling

In related news, insider Marta Benson sold 10,000 shares of the stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $114.88, for a total transaction of $1,148,800.00. Following the completion of the sale, the insider now directly owns 33,477 shares of the company’s stock, valued at approximately $3,845,837.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Williams-Sonoma Price Performance

Shares of WSM stock opened at $128.60 on Friday. The stock has a 50-day moving average of $119.89 and a 200-day moving average of $129.95. Williams-Sonoma, Inc. has a one year low of $101.58 and a one year high of $176.89. The stock has a market cap of $8.56 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.74 and a beta of 1.55.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its earnings results on Thursday, November 17th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.06). Williams-Sonoma had a return on equity of 83.08% and a net margin of 13.48%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, research analysts anticipate that Williams-Sonoma, Inc. will post 16.48 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, January 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 2.43%. Williams-Sonoma’s payout ratio is 18.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group reiterated a “sell” rating and set a $110.00 price target on shares of Williams-Sonoma in a research report on Friday, September 23rd. Citigroup reduced their price target on shares of Williams-Sonoma from $156.00 to $135.00 in a research report on Monday, October 31st. Morgan Stanley downgraded shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $150.00 to $100.00 in a research report on Monday, November 28th. StockNews.com downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Finally, The Goldman Sachs Group cut their target price on shares of Williams-Sonoma from $123.00 to $109.00 and set a “sell” rating on the stock in a research report on Monday, December 12th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $133.06.

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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