Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 43.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,559 shares of the specialty retailer’s stock after purchasing an additional 7,172 shares during the quarter. State of Alaska Department of Revenue’s holdings in Williams-Sonoma were worth $3,648,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Advisors Ltd. LLC increased its position in Williams-Sonoma by 100.0% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 816 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 408 shares in the last quarter. Mcrae Capital Management Inc. grew its position in Williams-Sonoma by 94.5% in the third quarter. Mcrae Capital Management Inc. now owns 162,436 shares of the specialty retailer’s stock valued at $25,165,000 after acquiring an additional 78,921 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of Williams-Sonoma by 89.0% during the 3rd quarter. Modera Wealth Management LLC now owns 233,613 shares of the specialty retailer’s stock valued at $36,191,000 after buying an additional 110,034 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of Williams-Sonoma by 64.3% during the 3rd quarter. Boston Trust Walden Corp now owns 442,815 shares of the specialty retailer’s stock valued at $68,601,000 after buying an additional 173,223 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Williams-Sonoma by 101.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,865 shares of the specialty retailer’s stock valued at $4,007,000 after buying an additional 13,054 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on WSM shares. Telsey Advisory Group reiterated an “outperform” rating and set a $165.00 target price on shares of Williams-Sonoma in a research note on Friday, October 11th. Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $150.00 to $135.00 in a research note on Wednesday. TD Cowen increased their target price on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and increased their target price for the stock from $148.00 to $156.00 in a research report on Wednesday, September 11th. Finally, Barclays dropped their target price on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $139.83.

Williams-Sonoma Stock Down 0.1 %

NYSE:WSM opened at $132.40 on Thursday. The business’s 50-day moving average price is $141.71 and its 200 day moving average price is $145.35. The firm has a market cap of $16.73 billion, a P/E ratio of 15.90, a PEG ratio of 2.65 and a beta of 1.74. Williams-Sonoma, Inc. has a 52-week low of $71.92 and a 52-week high of $174.26.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. The firm 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 51.57% and a net margin of 14.29%. Williams-Sonoma’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. Sell-side analysts expect that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.72%. Williams-Sonoma’s dividend payout ratio (DPR) is 27.39%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm’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 approximately $149,766,978.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 directly owns 15,150 shares in the company, valued at $2,040,099. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate 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.