Resonant Capital Advisors LLC Boosts Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Resonant Capital Advisors LLC boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 105.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,418 shares of the specialty retailer’s stock after acquiring an additional 1,751 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Williams-Sonoma were worth $530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Novare Capital Management LLC increased its position in shares of Williams-Sonoma by 68.7% in the third quarter. Novare Capital Management LLC now owns 10,145 shares of the specialty retailer’s stock worth $1,572,000 after purchasing an additional 4,132 shares during the last quarter. Tilia Fiduciary Partners Inc. grew its stake in Williams-Sonoma by 86.5% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 11,575 shares of the specialty retailer’s stock worth $1,793,000 after buying an additional 5,369 shares in the last quarter. Transform Wealth LLC bought a new position in shares of Williams-Sonoma in the 3rd quarter worth $2,171,000. Shulman DeMeo Asset Management LLC raised its position in shares of Williams-Sonoma by 98.3% during the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 14,286 shares of the specialty retailer’s stock valued at $2,213,000 after buying an additional 7,082 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of Williams-Sonoma by 96.8% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 42,552 shares of the specialty retailer’s stock worth $6,592,000 after acquiring an additional 20,930 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

WSM opened at $144.03 on Monday. Williams-Sonoma, Inc. has a 1 year low of $71.56 and a 1 year high of $174.26. The stock has a 50-day moving average price of $142.39 and a 200-day moving average price of $146.14. The firm has a market cap of $18.20 billion, a PE ratio of 17.30, a P/E/G ratio of 2.83 and a beta of 1.74.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.29% and a return on equity of 51.57%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. As a group, sell-side analysts anticipate that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a yield of 1.58%. Williams-Sonoma’s payout ratio is 27.39%.

Insiders Place Their Bets

In other news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction on 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 completion of the sale, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on WSM. TD Cowen lifted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Wells Fargo & Company cut their target price 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. Telsey Advisory Group reissued an “outperform” rating and set a $165.00 price target on shares of Williams-Sonoma in a research note on Friday, October 11th. Wedbush cut their price objective on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Finally, Evercore ISI reduced their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $140.83.

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.