Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its position in Williams-Sonoma, Inc. (NYSE:WSM) by 113.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,636 shares of the specialty retailer’s stock after buying an additional 2,462 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Williams-Sonoma were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Gleason Group Inc. increased its holdings in shares of Williams-Sonoma by 0.4% in the 1st quarter. Gleason Group Inc. now owns 8,969 shares of the specialty retailer’s stock valued at $2,848,000 after acquiring an additional 36 shares during the period. Motley Fool Asset Management LLC grew its position in 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 valued at $389,000 after buying an additional 52 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Williams-Sonoma by 9.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 617 shares of the specialty retailer’s stock worth $196,000 after purchasing an additional 54 shares in the last quarter. Quent Capital LLC boosted its position in shares of Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 59 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Williams-Sonoma by 6.3% during the 1st quarter. Bleakley Financial Group LLC now owns 1,199 shares of the specialty retailer’s stock worth $381,000 after purchasing an additional 71 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSM has been the subject of several research reports. Wells Fargo & Company cut their price target on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Robert W. Baird cut their price target on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Royal Bank of Canada cut their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Jefferies Financial Group raised 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 research note on Wednesday, September 11th. Finally, TD Cowen boosted their target price on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.83.

Insider Transactions at Williams-Sonoma

In other news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now 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 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 that occurred on 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 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 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 Price Performance

NYSE WSM opened at $144.03 on Monday. Williams-Sonoma, Inc. has a 12 month low of $71.56 and a 12 month high of $174.26. The company has a 50-day moving average of $142.39 and a 200-day moving average of $146.14. The company has a market cap of $18.20 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.83 and a beta of 1.74.

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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $1.56 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s payout ratio is currently 27.39%.

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.