Inscription Capital LLC Purchases New Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Inscription Capital LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,685 shares of the specialty retailer’s stock, valued at approximately $261,000.

Several other large investors have also recently bought and sold shares of the business. Motley Fool Asset Management LLC raised 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 during the period. Quent Capital LLC lifted its position in Williams-Sonoma by 19.7% during the first quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 59 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Williams-Sonoma by 6.3% during the first quarter. Bleakley Financial Group LLC now owns 1,199 shares of the specialty retailer’s stock worth $381,000 after buying an additional 71 shares during the period. Proficio Capital Partners LLC grew its stake in Williams-Sonoma by 6.1% during the first quarter. Proficio Capital Partners LLC now owns 1,320 shares of the specialty retailer’s stock worth $419,000 after buying an additional 76 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of 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 acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma 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 value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 transaction, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Trading Down 1.6 %

Shares of NYSE WSM opened at $132.55 on Tuesday. Williams-Sonoma, Inc. has a 12-month low of $71.92 and a 12-month high of $174.26. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.65 and a beta of 1.74. The stock’s 50 day simple moving average is $142.05 and its 200 day simple moving average is $145.52.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (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 company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share 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. Stockholders of record on Friday, October 18th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and raised their price objective for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Barclays cut their price target on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Evercore ISI cut their target price on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird decreased their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, Wedbush dropped their price target on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.83.

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.