Polianta Ltd Acquires 3,800 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Polianta Ltd increased its holdings in Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,600 shares of the specialty retailer’s stock after buying an additional 3,800 shares during the period. Polianta Ltd’s holdings in Williams-Sonoma were worth $1,177,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Williams-Sonoma during the 2nd quarter valued at $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma during the second quarter valued at about $29,000. EntryPoint Capital LLC lifted its holdings in shares of Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Clean Yield Group bought a new position in shares of Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Williams-Sonoma in the first quarter valued at approximately $32,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Up 1.8 %

NYSE WSM opened at $144.35 on Monday. The company has a 50-day simple moving average of $141.59 and a two-hundred day simple moving average of $146.51. Williams-Sonoma, Inc. has a 12-month low of $71.56 and a 12-month high of $174.26. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.78 and a beta of 1.74.

Williams-Sonoma (NYSE:WSMGet Free Report) last posted its quarterly 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 business 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 for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. Equities analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

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 given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.58%. Williams-Sonoma’s dividend payout ratio is currently 28.01%.

Insider Activity

In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This trade represents 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 other news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WSM shares. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and upped their target price for the stock from $148.00 to $156.00 in a report on Wednesday, September 11th. Wells Fargo & Company lowered their price objective on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Robert W. Baird reduced their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Evercore ISI decreased their target price on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 7th. Finally, TD Cowen lifted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Three research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $140.83.

Read Our Latest Stock Report 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.

See Also

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

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