King Luther Capital Management Corp Has $330,000 Position in Williams-Sonoma, Inc. (NYSE:WSM)

King Luther Capital Management Corp boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 114.9% in the third quarter, HoldingsChannel reports. The firm owned 2,128 shares of the specialty retailer’s stock after purchasing an additional 1,138 shares during the quarter. King Luther Capital Management Corp’s holdings in Williams-Sonoma were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock valued at $1,167,000 after acquiring an additional 4,901 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Williams-Sonoma by 97.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after purchasing an additional 3,038 shares during the last quarter. Novare Capital Management LLC boosted its stake in Williams-Sonoma by 68.7% in the 3rd quarter. Novare Capital Management LLC now owns 10,145 shares of the specialty retailer’s stock valued at $1,572,000 after purchasing an additional 4,132 shares during the period. Raymond James & Associates lifted its holdings in shares of Williams-Sonoma by 105.0% during the third quarter. Raymond James & Associates now owns 173,621 shares of the specialty retailer’s stock worth $26,897,000 after buying an additional 88,936 shares in the last quarter. Finally, Legacy Bridge LLC grew its stake in shares of Williams-Sonoma by 100.0% in the third quarter. Legacy Bridge LLC now owns 10,396 shares of the specialty retailer’s stock valued at $1,611,000 after acquiring an additional 5,198 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WSM shares. TD Cowen boosted their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada increased their price target on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Wells Fargo & Company increased their target price on Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Evercore ISI boosted their price target on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $154.41.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $171.98 on Friday. The company’s 50 day moving average price is $143.63 and its two-hundred day moving average price is $144.87. The firm has a market capitalization of $21.73 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.33 and a beta of 1.76. Williams-Sonoma, Inc. has a fifty-two week low of $90.31 and a fifty-two week high of $181.42.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data 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. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a return on equity of 51.56% and a net margin of 14.54%. Williams-Sonoma’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. On average, analysts expect that Williams-Sonoma, Inc. will post 8.13 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

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

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was 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 of the company’s stock, valued at $2,040,099. This trade represents a 42.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,100 shares of company stock worth $12,525,126 in the last quarter. 1.50% of the stock is owned by insiders.

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.