MAI Capital Management Has $1.06 Million Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

MAI Capital Management reduced its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,860 shares of the specialty retailer’s stock after selling 131 shares during the period. MAI Capital Management’s holdings in Williams-Sonoma were worth $1,063,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma during the second quarter worth $26,000. Cassady Schiller Wealth Management LLC raised its stake in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Williams-Sonoma during the 2nd quarter valued at about $29,000. EntryPoint Capital LLC grew its stake in shares of Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Finally, Clean Yield Group acquired a new position in Williams-Sonoma in the third quarter worth approximately $30,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on WSM shares. JPMorgan Chase & Co. boosted their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI increased their target price on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday. Loop Capital boosted their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday. Wedbush raised their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and increased their price target for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $154.41.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. This trade represents a 42.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction that occurred 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 owns 990,956 shares in the company, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 91,100 shares of company stock valued at $12,525,126. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Down 1.2 %

Shares of WSM opened at $172.95 on Friday. The stock’s 50-day moving average price is $142.34 and its 200 day moving average price is $144.55. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.71 and a beta of 1.76. Williams-Sonoma, Inc. has a 12-month low of $89.87 and a 12-month high of $181.42.

Williams-Sonoma (NYSE:WSM) last issued its earnings results 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 return on equity of 51.57% and a net margin of 14.29%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $1.56 earnings per share. Williams-Sonoma’s revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that Williams-Sonoma, Inc. will post 7.95 EPS for the current year.

Williams-Sonoma Dividend Announcement

The firm 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 1.32%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is 27.40%.

Williams-Sonoma Company 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.