Plimoth Trust Co. LLC Has $354,000 Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Plimoth Trust Co. LLC lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 78.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,285 shares of the specialty retailer’s stock after purchasing an additional 1,005 shares during the period. Plimoth Trust Co. LLC’s holdings in Williams-Sonoma were worth $354,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in Williams-Sonoma by 82.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 232 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 105 shares during the last quarter. Whittier Trust Co. lifted its stake in Williams-Sonoma by 51.2% in the 3rd quarter. Whittier Trust Co. now owns 650 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 220 shares during the last quarter. Carolina Wealth Advisors LLC raised its stake in Williams-Sonoma by 90.8% in the third quarter. Carolina Wealth Advisors LLC now owns 40,241 shares of the specialty retailer’s stock valued at $6,234,000 after buying an additional 19,151 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Williams-Sonoma in the third quarter valued at approximately $51,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Williams-Sonoma by 5.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,078 shares of the specialty retailer’s stock worth $4,350,000 after acquiring an additional 1,394 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

WSM has been the subject of several research reports. Royal Bank of Canada cut their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Wedbush decreased their price target on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Telsey Advisory Group restated an “outperform” rating and set a $165.00 price objective on shares of Williams-Sonoma in a report on Friday, October 11th. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and upped their target price for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Finally, Evercore ISI dropped their price target on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.83.

Williams-Sonoma Stock Down 3.0 %

Shares of WSM stock traded down $4.27 on Monday, reaching $139.76. The company had a trading volume of 1,615,863 shares, compared to its average volume of 1,920,877. The business’s 50-day moving average is $142.39 and its 200 day moving average is $146.14. Williams-Sonoma, Inc. has a one year low of $71.56 and a one year high of $174.26. The stock has a market capitalization of $17.66 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.83 and a beta of 1.74.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating the consensus estimate of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s dividend payout ratio (DPR) is 27.39%.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the transaction, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Williams-Sonoma Profile

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.