Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 27.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,512 shares of the specialty retailer’s stock after buying an additional 8,237 shares during the period. Intech Investment Management LLC’s holdings in Williams-Sonoma were worth $5,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WSM. EntryPoint Capital LLC raised its position in shares of Williams-Sonoma by 520.0% during the 1st 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. Quest Partners LLC purchased a new position in Williams-Sonoma in the second quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new stake in Williams-Sonoma during the second quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $33,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Stock Down 0.4 %

Shares of NYSE:WSM opened at $171.88 on Friday. The company has a 50-day moving average price of $143.08 and a 200 day moving average price of $144.74. Williams-Sonoma, Inc. has a 52 week low of $90.31 and a 52 week high of $181.42. The company has a market cap of $21.71 billion, a P/E ratio of 20.33, a PEG ratio of 2.71 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. Analysts expect that Williams-Sonoma, Inc. will post 7.95 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 18th were given a dividend of $0.57 per share. The ex-dividend date was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Williams-Sonoma’s payout ratio is currently 26.97%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the business’s 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. The trade was a 42.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $130.49, for a total value of $5,219,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 91,100 shares of company stock valued at $12,525,126 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WSM. Wedbush boosted their price target on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird reduced 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 raised their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI boosted their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday. Finally, TD Cowen increased their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.41.

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.