Raymond James & Associates Sells 4,985 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Raymond James & Associates trimmed its position in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,685 shares of the specialty retailer’s stock after selling 4,985 shares during the quarter. Raymond James & Associates owned approximately 0.18% of Williams-Sonoma worth $23,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WSM. Great West Life Assurance Co. Can grew its stake in shares of Williams-Sonoma by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 46,227 shares of the specialty retailer’s stock valued at $6,915,000 after purchasing an additional 3,373 shares during the last quarter. Aviva PLC lifted its holdings in Williams-Sonoma by 9.7% in the first quarter. Aviva PLC now owns 14,762 shares of the specialty retailer’s stock valued at $2,140,000 after buying an additional 1,300 shares during the period. Baird Financial Group Inc. lifted its holdings in Williams-Sonoma by 0.3% in the first quarter. Baird Financial Group Inc. now owns 391,118 shares of the specialty retailer’s stock valued at $56,712,000 after buying an additional 1,049 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Williams-Sonoma by 1,415.9% in the first quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the specialty retailer’s stock valued at $303,000 after buying an additional 1,954 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Williams-Sonoma in the first quarter valued at approximately $292,000. 99.29% of the stock is owned by institutional investors.

Insider Activity at Williams-Sonoma

In related news, CEO Marta Benson sold 2,184 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total value of $685,732.32. Following the completion of the transaction, the chief executive officer now owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Marta Benson sold 2,184 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total value of $685,732.32. Following the completion of the transaction, the chief executive officer now owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Karalyn Smith sold 1,145 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total transaction of $330,973.70. Following the completion of the transaction, the executive vice president now directly owns 6,966 shares of the company’s stock, valued at approximately $2,013,591.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,329 shares of company stock valued at $10,729,906. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WSM. TD Cowen increased their price objective on shares of Williams-Sonoma from $260.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Loop Capital increased their price objective on shares of Williams-Sonoma from $220.00 to $290.00 and gave the company a “hold” rating in a report on Friday, March 15th. Bank of America increased their price objective on shares of Williams-Sonoma from $250.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. The Goldman Sachs Group upgraded shares of Williams-Sonoma from a “sell” rating to a “neutral” rating and increased their price objective for the company from $154.00 to $263.00 in a report on Thursday, March 14th. Finally, Evercore ISI increased their target price on shares of Williams-Sonoma from $300.00 to $320.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $249.31.

View Our Latest Research Report on WSM

Williams-Sonoma Stock Up 1.1 %

Shares of NYSE:WSM opened at $317.53 on Monday. Williams-Sonoma, Inc. has a 12 month low of $109.44 and a 12 month high of $319.70. The company’s fifty day simple moving average is $241.91 and its 200 day simple moving average is $198.08. The firm has a market cap of $20.36 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.67 and a beta of 1.66.

Williams-Sonoma (NYSE:WSMGet Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, topping analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the business posted $5.50 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Research analysts expect that Williams-Sonoma, Inc. will post 15.37 earnings per share for the current fiscal year.

Williams-Sonoma Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 19th will be given a $1.13 dividend. The ex-dividend date is Thursday, April 18th. This represents a $4.52 dividend on an annualized basis and a yield of 1.42%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s dividend payout ratio (DPR) is 24.71%.

Williams-Sonoma Profile

(Free Report)

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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