Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by US Bancorp DE

US Bancorp DE raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 95.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,565 shares of the specialty retailer’s stock after purchasing an additional 31,612 shares during the quarter. US Bancorp DE owned 0.05% of Williams-Sonoma worth $10,002,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Williams-Sonoma in the 1st quarter valued at $40,060,000. Tobam purchased a new stake in shares of Williams-Sonoma in the first quarter valued at about $138,000. Choreo LLC acquired a new position in shares of Williams-Sonoma during the first quarter worth about $273,000. Fidelis Capital Partners LLC acquired a new position in shares of Williams-Sonoma during the first quarter worth about $61,000. Finally, Quent Capital LLC raised its holdings in Williams-Sonoma by 19.7% during the first quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In related news, EVP Karalyn Smith sold 11,100 shares of the company’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 transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $145.27, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the company’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 transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays dropped their target price on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Robert W. Baird cut their price objective on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Wedbush lowered shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $150.00 to $135.00 in a research report on Wednesday. Wells Fargo & Company cut their price target on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, TD Cowen boosted their price objective on shares of Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $139.83.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $132.20 on Friday. Williams-Sonoma, Inc. has a 1 year low of $71.92 and a 1 year high of $174.26. The business has a 50 day moving average price of $141.64 and a 200 day moving average price of $145.21. The company has a market capitalization of $16.70 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.63 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. As a group, research analysts expect that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.72%. Williams-Sonoma’s dividend payout ratio is currently 27.39%.

Williams-Sonoma Company 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.