First Citizens Bank & Trust Co. Trims Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

First Citizens Bank & Trust Co. decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,783 shares of the specialty retailer’s stock after selling 92 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Williams-Sonoma were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quent Capital LLC raised its position in Williams-Sonoma by 27.8% in the 4th quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 65 shares during the last quarter. JGP Wealth Management LLC raised its position in Williams-Sonoma by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock worth $1,155,000 after buying an additional 69 shares during the last quarter. WINTON GROUP Ltd raised its position in Williams-Sonoma by 2.1% during the 3rd quarter. WINTON GROUP Ltd now owns 3,413 shares of the specialty retailer’s stock worth $530,000 after buying an additional 71 shares during the last quarter. Cooper Financial Group raised its position in Williams-Sonoma by 2.9% during the 3rd quarter. Cooper Financial Group now owns 2,643 shares of the specialty retailer’s stock worth $411,000 after buying an additional 74 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in Williams-Sonoma by 3.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,382 shares of the specialty retailer’s stock worth $370,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 0.4 %

Shares of NYSE WSM opened at $308.98 on Thursday. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.61 and a beta of 1.70. Williams-Sonoma, Inc. has a 52 week low of $109.44 and a 52 week high of $319.78. The company’s 50-day moving average price is $248.03 and its 200 day moving average price is $201.59.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the company earned $5.50 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts expect that Williams-Sonoma, Inc. will post 15.37 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.13 per share. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, April 18th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 24.71%.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Marta Benson sold 2,184 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total transaction of $685,732.32. Following the sale, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at approximately $15,185,328.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Karalyn Smith sold 1,145 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total value of $330,973.70. Following the sale, the executive vice president now directly owns 6,966 shares of the company’s stock, valued at $2,013,591.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marta Benson sold 2,184 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total transaction of $685,732.32. Following the completion of the sale, the chief executive officer now directly owns 48,364 shares in the company, valued at $15,185,328.72. The disclosure for this sale can be found here. Insiders have sold 43,329 shares of company stock valued at $10,729,906 in the last ninety days. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WSM shares. Robert W. Baird upped their price objective on shares of Williams-Sonoma from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Morgan Stanley upgraded shares of Williams-Sonoma from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $155.00 to $270.00 in a research report on Thursday, March 14th. Bank of America upped their price target on shares of Williams-Sonoma from $250.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada upped their price target on shares of Williams-Sonoma from $261.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Finally, Evercore ISI upped their price target on shares of Williams-Sonoma from $300.00 to $320.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $249.31.

View Our Latest Analysis on Williams-Sonoma

About Williams-Sonoma

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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