Prudential Financial Inc. Sells 54,677 Shares of Williams-Sonoma, Inc. (WSM)

Prudential Financial Inc. lessened its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 34.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,929 shares of the specialty retailer’s stock after selling 54,677 shares during the period. Prudential Financial Inc. owned approximately 0.13% of Williams-Sonoma worth $6,830,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WSM. Itau Unibanco Holding S.A. purchased a new stake in Williams-Sonoma during the 2nd quarter valued at $101,000. JNBA Financial Advisors purchased a new stake in Williams-Sonoma during the 3rd quarter valued at $168,000. Paragon Capital Management Ltd purchased a new stake in Williams-Sonoma during the 3rd quarter valued at $207,000. Pillar Pacific Capital Management LLC purchased a new stake in Williams-Sonoma during the 2nd quarter valued at $209,000. Finally, Creative Planning purchased a new stake in Williams-Sonoma during the 3rd quarter valued at $220,000.

In other news, insider Janet Hayes sold 14,376 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.10, for a total transaction of $979,005.60. Following the transaction, the insider now owns 44,889 shares of the company’s stock, valued at approximately $3,056,940.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Shares of Williams-Sonoma stock opened at $53.99 on Friday. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.38 and a current ratio of 1.54. Williams-Sonoma, Inc. has a 52 week low of $46.92 and a 52 week high of $73.99.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, November 15th. The specialty retailer reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Williams-Sonoma had a return on equity of 29.75% and a net margin of 4.97%. On average, equities analysts expect that Williams-Sonoma, Inc. will post 4.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, October 25th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 47.65%.

WSM has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and set a $62.00 price target on shares of Williams-Sonoma in a report on Monday, November 19th. Wedbush set a $63.00 price target on Williams-Sonoma and gave the company a “hold” rating in a report on Friday, November 16th. Jefferies Financial Group restated a “hold” rating and set a $57.00 price target on shares of Williams-Sonoma in a report on Monday, November 19th. Zacks Investment Research upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Finally, Loop Capital upped their price objective on Williams-Sonoma to $65.00 and gave the company a “hold” rating in a research report on Thursday, August 23rd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. Williams-Sonoma has a consensus rating of “Hold” and an average target price of $58.60.

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Williams-Sonoma Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

Further Reading: Risk Tolerance

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

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