KBC Group NV Acquires New Position in Williams-Sonoma, Inc. (NYSE:WSM)

KBC Group NV bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,187 shares of the specialty retailer’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. FinTrust Capital Advisors LLC grew its holdings in Williams-Sonoma by 9.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 521 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 45 shares during the period. Lindbrook Capital LLC grew its stake in shares of Williams-Sonoma by 30.5% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 54 shares during the period. Quent Capital LLC grew its stake in shares of Williams-Sonoma by 27.8% during the 4th quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 65 shares during the period. TFG Advisers LLC increased its holdings in shares of Williams-Sonoma by 2.6% in the 4th quarter. TFG Advisers LLC now owns 2,642 shares of the specialty retailer’s stock valued at $533,000 after purchasing an additional 67 shares in the last quarter. Finally, JGP Wealth Management LLC lifted its stake in shares of Williams-Sonoma by 1.2% in the fourth quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock valued at $1,155,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of WSM opened at $292.52 on Monday. Williams-Sonoma, Inc. has a fifty-two week low of $117.89 and a fifty-two week high of $348.51. The company has a market capitalization of $18.81 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.27 and a beta of 1.76. The stock has a fifty day moving average of $296.71 and a two-hundred day moving average of $248.24.

Williams-Sonoma (NYSE:WSMGet Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a return on equity of 54.50% and a net margin of 13.83%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business earned $5.50 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Williams-Sonoma, Inc. will post 16.08 earnings per share for the current fiscal year.

Williams-Sonoma Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.55%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 27.75%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, insider Monica Bhargava sold 8,931 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $298.28, for a total transaction of $2,663,938.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Williams-Sonoma news, EVP David Randolph King sold 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $287.85, for a total transaction of $2,878,500.00. Following the completion of the sale, the executive vice president now owns 50,512 shares of the company’s stock, valued at $14,539,879.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Monica Bhargava sold 8,931 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $298.28, for a total value of $2,663,938.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,076 shares of company stock worth $24,095,258. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Williams-Sonoma in a report on Friday. Loop Capital upped their target price on Williams-Sonoma from $220.00 to $290.00 and gave the company a “hold” rating in a report on Friday, March 15th. TD Cowen lifted their price target on Williams-Sonoma from $260.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Finally, Wedbush increased their price objective on shares of Williams-Sonoma from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and an average price target of $262.13.

Get Our Latest Stock Report on Williams-Sonoma

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.

Further Reading

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

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