Creekside Partners Has $443,000 Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Creekside Partners boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,860 shares of the specialty retailer’s stock after acquiring an additional 1,430 shares during the period. Creekside Partners’ holdings in Williams-Sonoma were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Intech Investment Management LLC raised its position in shares of Williams-Sonoma by 27.2% in the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock valued at $5,966,000 after buying an additional 8,237 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Williams-Sonoma by 130.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 304,821 shares of the specialty retailer’s stock valued at $47,223,000 after buying an additional 172,709 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Williams-Sonoma by 114.9% in the 3rd quarter. King Luther Capital Management Corp now owns 2,128 shares of the specialty retailer’s stock valued at $330,000 after buying an additional 1,138 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of Williams-Sonoma by 91.8% in the 3rd quarter. Moran Wealth Management LLC now owns 308,330 shares of the specialty retailer’s stock valued at $47,767,000 after buying an additional 147,569 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Williams-Sonoma by 94.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 448 shares of the specialty retailer’s stock valued at $69,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

WSM opened at $175.04 on Thursday. Williams-Sonoma, Inc. has a fifty-two week low of $88.63 and a fifty-two week high of $181.42. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.71 and a beta of 1.76. The company’s 50 day moving average price is $141.53 and its two-hundred day moving average price is $144.33.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $1.56 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts predict that Williams-Sonoma, Inc. will post 7.95 EPS for the current year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is currently 27.39%.

Insider Activity

In related news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction 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 in the company, valued at $2,040,099. The trade was a 42.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,100 shares of company stock valued at $12,525,126. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WSM has been the subject of several analyst reports. Royal Bank of Canada dropped their target price on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company decreased their price target 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. Barclays decreased 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. TD Cowen lifted their price target on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, Robert W. Baird decreased their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $138.84.

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.