Bayesian Capital Management LP Purchases Shares of 10,700 Williams-Sonoma, Inc. $WSM

Bayesian Capital Management LP acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,700 shares of the specialty retailer’s stock, valued at approximately $1,748,000.

Several other large investors have also recently modified their holdings of WSM. Ethic Inc. raised its stake in Williams-Sonoma by 153.7% in the second quarter. Ethic Inc. now owns 12,279 shares of the specialty retailer’s stock valued at $2,016,000 after buying an additional 7,439 shares during the last quarter. Soltis Investment Advisors LLC increased its holdings in shares of Williams-Sonoma by 54.9% during the second quarter. Soltis Investment Advisors LLC now owns 24,245 shares of the specialty retailer’s stock valued at $3,961,000 after acquiring an additional 8,592 shares in the last quarter. Pinnacle Wealth Management LLC purchased a new position in shares of Williams-Sonoma in the 1st quarter valued at approximately $655,000. Nordea Investment Management AB grew its position in Williams-Sonoma by 8.0% during the 2nd quarter. Nordea Investment Management AB now owns 816,176 shares of the specialty retailer’s stock worth $133,029,000 after purchasing an additional 60,163 shares during the last quarter. Finally, Nvwm LLC grew its position in Williams-Sonoma by 918.6% during the 2nd quarter. Nvwm LLC now owns 5,093 shares of the specialty retailer’s stock worth $832,000 after purchasing an additional 4,593 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

WSM opened at $189.04 on Friday. The firm has a fifty day moving average price of $187.06 and a 200 day moving average price of $183.94. Williams-Sonoma, Inc. has a 1 year low of $130.07 and a 1 year high of $219.98. The stock has a market cap of $22.57 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.93 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, November 19th. The specialty retailer reported $1.96 EPS for the quarter, topping the consensus estimate of $1.87 by $0.09. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. Williams-Sonoma had a return on equity of 53.10% and a net margin of 14.30%.Williams-Sonoma’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 EPS. Equities analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, October 17th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, October 17th. Williams-Sonoma’s payout ratio is currently 29.04%.

Analyst Upgrades and Downgrades

WSM has been the subject of a number of research analyst reports. TD Cowen decreased their price target on shares of Williams-Sonoma from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Telsey Advisory Group lowered their price target on Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Argus set a $212.00 price objective on Williams-Sonoma in a report on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Citigroup dropped their target price on Williams-Sonoma from $202.00 to $188.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.00.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 90,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the transaction, the chief executive officer owned 876,927 shares of the company’s stock, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the sale, the chief financial officer owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 126,653 shares of company stock worth $24,724,440 in the last ninety days. Insiders own 1.10% of the company’s stock.

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.