Radnor Capital Management LLC Takes $7.95 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

Radnor Capital Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 51,332 shares of the specialty retailer’s stock, valued at approximately $7,952,000. Williams-Sonoma accounts for about 1.2% of Radnor Capital Management LLC’s portfolio, making the stock its 12th largest position.

A number of other hedge funds also recently modified their holdings of the stock. 1834 Investment Advisors Co. lifted its stake in shares of Williams-Sonoma by 18.1% during the 3rd quarter. 1834 Investment Advisors Co. now owns 15,578 shares of the specialty retailer’s stock worth $2,413,000 after buying an additional 2,386 shares during the last quarter. Catalina Capital Group LLC lifted its stake in shares of Williams-Sonoma by 107.3% during the 3rd quarter. Catalina Capital Group LLC now owns 2,011 shares of the specialty retailer’s stock worth $312,000 after buying an additional 1,041 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Williams-Sonoma by 90.9% during the 3rd quarter. Amalgamated Bank now owns 62,842 shares of the specialty retailer’s stock worth $9,735,000 after buying an additional 29,918 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of Williams-Sonoma by 91.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 12,347 shares of the specialty retailer’s stock worth $1,912,000 after buying an additional 5,883 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its stake in shares of Williams-Sonoma by 207.2% during the 3rd quarter. Impax Asset Management Group plc now owns 6,529 shares of the specialty retailer’s stock worth $1,011,000 after buying an additional 4,404 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI dropped their price objective on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Barclays dropped their price objective on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Wells Fargo & Company dropped their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Finally, Robert W. Baird dropped their price objective on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Williams-Sonoma has an average rating of “Hold” and an average price target of $139.83.

Williams-Sonoma Trading Down 0.2 %

Williams-Sonoma stock opened at $134.90 on Wednesday. Williams-Sonoma, Inc. has a 12 month low of $71.92 and a 12 month high of $174.26. The business’s 50 day simple moving average is $141.66 and its 200 day simple moving average is $145.17. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.66 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.13. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 earnings per share. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.69%. Williams-Sonoma’s payout ratio is currently 27.39%.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $145.27, for a total value of $5,810,800.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This represents a 0.00 % 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, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction on Wednesday, August 28th. The shares were 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 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.

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.