Envestnet Portfolio Solutions Inc. reduced its position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 45.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,482 shares of the specialty retailer’s stock after selling 2,034 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Williams-Sonoma were worth $392,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in WSM. Brighton Jones LLC raised its position in Williams-Sonoma by 22.4% during the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock valued at $1,248,000 after purchasing an additional 1,236 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Williams-Sonoma by 85.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,671 shares of the specialty retailer’s stock valued at $495,000 after purchasing an additional 1,228 shares in the last quarter. Global Retirement Partners LLC raised its position in Williams-Sonoma by 47.2% during the fourth quarter. Global Retirement Partners LLC now owns 443 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 142 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Williams-Sonoma by 391.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 21,380 shares of the specialty retailer’s stock valued at $3,959,000 after purchasing an additional 17,034 shares in the last quarter. Finally, National Pension Service raised its position in Williams-Sonoma by 1.0% during the fourth quarter. National Pension Service now owns 316,535 shares of the specialty retailer’s stock valued at $58,616,000 after purchasing an additional 3,200 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on WSM shares. Zelman & Associates started coverage on shares of Williams-Sonoma in a report on Thursday, May 15th. They set an “underperform” rating for the company. UBS Group lowered their price target on shares of Williams-Sonoma from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Barclays set a $166.00 price target on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a report on Monday, May 19th. Evercore ISI lowered their price target on shares of Williams-Sonoma from $175.00 to $170.00 and set an “in-line” rating for the company in a report on Tuesday, June 17th. Finally, Wedbush lowered their price target on shares of Williams-Sonoma from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $176.75.
Williams-Sonoma Stock Up 1.4%
NYSE WSM opened at $164.17 on Friday. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.62 and a beta of 1.47. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98. The stock has a fifty day simple moving average of $159.63 and a 200 day simple moving average of $176.16.
Williams-Sonoma (NYSE:WSM – Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.48 earnings per share. Research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.
Williams-Sonoma Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, July 18th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a yield of 1.61%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.90%.
Insider Buying and Selling at Williams-Sonoma
In other Williams-Sonoma news, CFO Jeffrey Howie sold 915 shares of the company’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $141.69, for a total transaction of $129,646.35. Following the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $6,572,715.72. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the transaction, the chief executive officer now directly owns 996,927 shares in the company, valued at $163,825,013.91. This trade represents a 2.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,915 shares of company stock valued at $7,527,346. 1.10% of the stock is currently owned by insiders.
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.
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