Williams-Sonoma, Inc. (NYSE:WSM) is Reik & CO. LLC’s 5th Largest Position

Reik & CO. LLC cut its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,598 shares of the specialty retailer’s stock after selling 3,978 shares during the quarter. Williams-Sonoma accounts for about 7.9% of Reik & CO. LLC’s portfolio, making the stock its 5th biggest position. Reik & CO. LLC owned approximately 0.17% of Williams-Sonoma worth $33,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC raised its position in shares of Williams-Sonoma by 19.7% in the first quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock worth $114,000 after buying an additional 59 shares in the last quarter. ORG Partners LLC bought a new stake in Williams-Sonoma in the first quarter valued at $45,000. SG Americas Securities LLC boosted its holdings in Williams-Sonoma by 144.5% in the first quarter. SG Americas Securities LLC now owns 4,370 shares of the specialty retailer’s stock valued at $1,388,000 after acquiring an additional 2,583 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Williams-Sonoma by 18.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,103 shares of the specialty retailer’s stock valued at $668,000 after acquiring an additional 329 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in Williams-Sonoma in the first quarter valued at $518,000. 99.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WSM. Barclays cut their price target on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Wells Fargo & Company dropped their target price on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Wedbush cut shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $150.00 to $135.00 in a report on Wednesday, October 30th. Evercore ISI dropped their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and boosted their target price for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $139.83.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $133.88 on Friday. Williams-Sonoma, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $174.26. The business has a 50-day simple moving average of $141.57 and a two-hundred day simple moving average of $144.99. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last issued its 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. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. Williams-Sonoma’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts predict that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current 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 of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.70%. Williams-Sonoma’s dividend payout ratio is currently 27.39%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the business’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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.