Klein Pavlis & Peasley Financial Inc. increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 111.3% during the third quarter, Holdings Channel.com reports. The firm owned 5,590 shares of the specialty retailer’s stock after buying an additional 2,945 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Williams-Sonoma were worth $866,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WSM. Quest Partners LLC bought a new position in shares of Williams-Sonoma during the second quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new position in Williams-Sonoma in the second quarter worth $29,000. EntryPoint Capital LLC grew its holdings in Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Clean Yield Group purchased a new position in Williams-Sonoma in the third quarter worth $30,000. Finally, Hobbs Group Advisors LLC purchased a new position in Williams-Sonoma in the second quarter worth $33,000. 99.29% of the stock is currently owned by institutional investors.
Insider Transactions at Williams-Sonoma
In other news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on WSM
Williams-Sonoma Stock Performance
Shares of Williams-Sonoma stock opened at $134.76 on Monday. The firm has a 50-day simple moving average of $142.20 and a two-hundred day simple moving average of $145.62. The company has a market cap of $17.03 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 2.65 and a beta of 1.74. Williams-Sonoma, Inc. has a fifty-two week low of $71.56 and a fifty-two week high of $174.26.
Williams-Sonoma (NYSE:WSM – Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. Equities research analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.
Williams-Sonoma Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.69%. Williams-Sonoma’s dividend payout ratio is currently 27.39%.
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.
Read More
- Five stocks we like better than Williams-Sonoma
- Stock Market Sectors: What Are They and How Many Are There?
- GM’s Lithium Americas Deal Positions It for EV Dominance
- How to Choose Top Rated Stocks
- Amazon: Why Analysts Think It’s A Solid Buy Ahead Of Earnings
- Stock Splits, Do They Really Impact Investors?
- NextEra’s Diverse Business Is Set to Win As Energy Demand Rises
Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.