Precision Wealth Strategies LLC Purchases 1,322 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Precision Wealth Strategies LLC raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 112.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,494 shares of the specialty retailer’s stock after acquiring an additional 1,322 shares during the period. Precision Wealth Strategies LLC’s holdings in Williams-Sonoma were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Gleason Group Inc. boosted its holdings in shares of Williams-Sonoma by 0.4% in the 1st quarter. Gleason Group Inc. now owns 8,969 shares of the specialty retailer’s stock worth $2,848,000 after purchasing an additional 36 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of Williams-Sonoma by 4.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after purchasing an additional 52 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Williams-Sonoma by 9.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 617 shares of the specialty retailer’s stock worth $196,000 after purchasing an additional 54 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Williams-Sonoma by 19.7% in the 1st 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. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Williams-Sonoma by 6.3% in the 1st quarter. Bleakley Financial Group LLC now owns 1,199 shares of the specialty retailer’s stock worth $381,000 after purchasing an additional 71 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Telsey Advisory Group restated an “outperform” rating and set a $165.00 target price on shares of Williams-Sonoma in a report on Friday, October 11th. Royal Bank of Canada dropped their target price on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. TD Cowen increased their target price on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, Wedbush dropped their target price on Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $140.83.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction on Wednesday, August 28th. The stock was 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 in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction on Wednesday, August 28th. The stock was 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 in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the 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 sale, the chief executive officer now owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $139.72 on Tuesday. Williams-Sonoma, Inc. has a 52-week low of $71.56 and a 52-week high of $174.26. The firm has a market capitalization of $17.65 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.83 and a beta of 1.74. The stock has a 50 day moving average price of $142.40 and a 200-day moving average price of $146.04.

Williams-Sonoma (NYSE:WSM) last announced 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. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

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

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.