Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,282 shares of the specialty retailer’s stock after selling 174 shares during the period. Scotia Capital Inc.’s holdings in Williams-Sonoma were worth $460,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Claret Asset Management Corp purchased a new stake in shares of Williams-Sonoma during the 4th quarter worth about $242,000. Isthmus Partners LLC purchased a new stake in shares of Williams-Sonoma during the 4th quarter worth about $317,000. TFO Wealth Partners LLC boosted its stake in shares of Williams-Sonoma by 43,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,201 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 2,196 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Williams-Sonoma by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,713 shares of the specialty retailer’s stock worth $7,408,000 after acquiring an additional 305 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Williams-Sonoma during the 4th quarter worth about $338,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams-Sonoma

In related news, EVP David Randolph King sold 10,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $287.85, for a total value of $2,878,500.00. Following the completion of the sale, the executive vice president now directly owns 50,512 shares of the company’s stock, valued at $14,539,879.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Williams-Sonoma news, EVP Karalyn Smith sold 1,145 shares of Williams-Sonoma stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total value of $330,973.70. Following the transaction, the executive vice president now directly owns 6,966 shares in the company, valued at $2,013,591.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Randolph King sold 10,000 shares of Williams-Sonoma stock in a transaction on Friday, May 24th. The shares were sold at an average price of $287.85, for a total transaction of $2,878,500.00. Following the completion of the transaction, the executive vice president now owns 50,512 shares in the company, valued at $14,539,879.20. The disclosure for this sale can be found here. Insiders sold a total of 71,145 shares of company stock valued at $21,431,319 over the last ninety days. Insiders own 1.50% of the company’s stock.

Williams-Sonoma Trading Down 5.0 %

Williams-Sonoma stock opened at $282.72 on Wednesday. The stock has a market cap of $18.18 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.76. The company has a fifty day simple moving average of $297.96 and a 200-day simple moving average of $245.82. Williams-Sonoma, Inc. has a 12-month low of $115.09 and a 12-month high of $348.51.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.06 by $0.38. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.50 EPS. As a group, sell-side analysts forecast that Williams-Sonoma, Inc. will post 15.75 earnings per share for the current fiscal year.

Williams-Sonoma Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, April 19th were given a $1.13 dividend. The ex-dividend date was Thursday, April 18th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 dividend on an annualized basis and a yield of 1.60%. Williams-Sonoma’s payout ratio is 27.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Williams-Sonoma from $295.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. StockNews.com lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Robert W. Baird raised their price target on shares of Williams-Sonoma from $200.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Williams-Sonoma in a research note on Friday, March 15th. Finally, Bank of America raised their price target on shares of Williams-Sonoma from $250.00 to $298.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average target price of $262.13.

View Our Latest Stock Report on WSM

About Williams-Sonoma

(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.

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

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