Waterloo Capital L.P. Invests $313,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Waterloo Capital L.P. acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSMFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,550 shares of the specialty retailer’s stock, valued at approximately $313,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. purchased a new stake in Williams-Sonoma in the third quarter valued at approximately $239,000. Spire Wealth Management boosted its holdings in shares of Williams-Sonoma by 175.4% in the 3rd quarter. Spire Wealth Management now owns 906 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 577 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Williams-Sonoma by 82.4% during the 3rd quarter. Van ECK Associates Corp now owns 34,648 shares of the specialty retailer’s stock valued at $5,385,000 after buying an additional 15,649 shares during the period. Pathstone Family Office LLC raised its position in shares of Williams-Sonoma by 86.9% in the 3rd quarter. Pathstone Family Office LLC now owns 6,377 shares of the specialty retailer’s stock worth $991,000 after buying an additional 2,965 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Williams-Sonoma by 6.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 103,842 shares of the specialty retailer’s stock valued at $16,137,000 after acquiring an additional 6,618 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $292.52 on Monday. The company has a market capitalization of $18.81 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.76. The business has a 50-day moving average of $296.71 and a two-hundred day moving average of $248.24. Williams-Sonoma, Inc. has a 1 year low of $117.89 and a 1 year high of $348.51.

Williams-Sonoma (NYSE:WSMGet Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, beating the consensus estimate of $5.06 by $0.38. The business had revenue of $2.28 billion for 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 firm’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.50 EPS. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 16.08 EPS for the current fiscal year.

Williams-Sonoma Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, April 19th were issued a dividend of $1.13 per share. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, April 18th. This represents a $4.52 annualized dividend and a yield of 1.55%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 27.75%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WSM. Evercore ISI boosted their price objective on shares of Williams-Sonoma from $310.00 to $315.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. Needham & Company LLC restated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 23rd. Barclays lifted their price objective on shares of Williams-Sonoma from $146.00 to $232.00 and gave the company an “underweight” rating in a research note on Friday, March 15th. UBS Group lifted their price target on shares of Williams-Sonoma from $195.00 to $255.00 and gave the stock a “sell” rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price target on shares of Williams-Sonoma in a report on Friday. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $262.13.

View Our Latest Analysis on WSM

Insiders Place Their Bets

In related news, insider Monica Bhargava sold 8,931 shares of Williams-Sonoma stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $298.28, for a total transaction of $2,663,938.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $318.53, for a total transaction of $6,370,600.00. Following the transaction, the chief executive officer now directly owns 555,550 shares of the company’s stock, valued at $176,959,341.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Monica Bhargava sold 8,931 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $298.28, for a total transaction of $2,663,938.68. The disclosure for this sale can be found here. Insiders sold a total of 80,076 shares of company stock valued at $24,095,258 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

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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