Atria Wealth Solutions Inc. Has $208,000 Holdings in Williams-Sonoma, Inc. $WSM

Atria Wealth Solutions Inc. lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 50.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,318 shares of the specialty retailer’s stock after selling 1,353 shares during the period. Atria Wealth Solutions Inc.’s holdings in Williams-Sonoma were worth $208,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WSM. Northern Trust Corp lifted its holdings in Williams-Sonoma by 15.1% in the fourth quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer’s stock valued at $352,283,000 after buying an additional 249,389 shares during the period. Captrust Financial Advisors lifted its holdings in Williams-Sonoma by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 645,402 shares of the specialty retailer’s stock valued at $119,516,000 after buying an additional 24,741 shares during the period. Pacer Advisors Inc. lifted its holdings in Williams-Sonoma by 1,272.6% in the first quarter. Pacer Advisors Inc. now owns 512,846 shares of the specialty retailer’s stock valued at $81,081,000 after buying an additional 475,484 shares during the period. Assetmark Inc. lifted its holdings in Williams-Sonoma by 6.4% in the first quarter. Assetmark Inc. now owns 440,612 shares of the specialty retailer’s stock valued at $69,661,000 after buying an additional 26,696 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Williams-Sonoma by 7.7% in the fourth quarter. Deutsche Bank AG now owns 380,160 shares of the specialty retailer’s stock valued at $70,398,000 after buying an additional 27,176 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

NYSE:WSM opened at $203.04 on Monday. The firm has a 50-day moving average of $176.00 and a 200-day moving average of $172.69. The company has a market cap of $24.97 billion, a PE ratio of 22.99, a PEG ratio of 3.28 and a beta of 1.47. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company earned $3.48 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, July 18th. This represents a $2.64 annualized dividend and a yield of 1.3%. Williams-Sonoma’s payout ratio is 29.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WSM shares. Barclays set a $166.00 target price on shares of Williams-Sonoma and gave the company an “equal weight” rating in a report on Monday, May 19th. KeyCorp raised shares of Williams-Sonoma from a “sector weight” rating to an “overweight” rating and set a $181.00 price target for the company in a research note on Friday, April 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Williams-Sonoma in a research note on Tuesday, May 13th. Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Wednesday, July 23rd. Finally, Evercore ISI decreased their price target on shares of Williams-Sonoma from $175.00 to $170.00 and set an “in-line” rating for the company in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $180.18.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total value of $675,840.00. Following the transaction, the chief financial officer directly owned 34,388 shares in the company, valued at $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laura Alber sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the completion of the transaction, the chief executive officer owned 996,927 shares in the company, valued at approximately $163,825,013.91. The trade was a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,000 shares of company stock worth $11,279,580. 1.10% of the stock is owned by corporate insiders.

About Williams-Sonoma

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.