Williams-Sonoma, Inc. (NYSE:WSM) Stock Holdings Trimmed by Western Wealth Management LLC

Western Wealth Management LLC lowered its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,752 shares of the specialty retailer’s stock after selling 174 shares during the period. Western Wealth Management LLC’s holdings in Williams-Sonoma were worth $1,362,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sapient Capital LLC bought a new stake in shares of Williams-Sonoma in the 4th quarter worth $220,000. Hudson Bay Capital Management LP bought a new stake in shares of Williams-Sonoma in the 3rd quarter worth $4,102,000. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Williams-Sonoma by 11.5% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 20,711 shares of the specialty retailer’s stock worth $3,218,000 after buying an additional 2,128 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Williams-Sonoma in the 4th quarter worth $3,632,000. Finally, CapWealth Advisors LLC bought a new stake in shares of Williams-Sonoma in the 4th quarter worth $3,075,000. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Smith sold 1,145 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $289.06, for a total value of $330,973.70. Following the completion of the sale, the executive vice president now owns 6,966 shares of the company’s stock, valued at $2,013,591.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now owns 505,509 shares of the company’s stock, valued at approximately $143,433,123.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Karalyn Smith sold 1,145 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $289.06, for a total value of $330,973.70. Following the transaction, the executive vice president now directly owns 6,966 shares of the company’s stock, valued at approximately $2,013,591.96. The disclosure for this sale can be found here. Insiders sold 41,145 shares of company stock valued at $12,182,219 over the last quarter. Insiders own 1.60% of the company’s stock.

Williams-Sonoma Price Performance

Shares of NYSE WSM opened at $279.30 on Friday. The business’s 50-day moving average price is $269.32 and its two-hundred day moving average price is $213.24. Williams-Sonoma, Inc. has a one year low of $109.44 and a one year high of $319.78. The company has a market capitalization of $17.95 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.35 and a beta of 1.70.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $5.50 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 15.37 EPS for the current year.

Williams-Sonoma Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 19th will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s payout ratio is currently 31.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com cut Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Oppenheimer restated a “market perform” rating on shares of Williams-Sonoma in a report on Friday, March 15th. Loop Capital lifted their target price on Williams-Sonoma from $220.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Needham & Company LLC restated a “hold” rating on shares of Williams-Sonoma in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada lifted their target price on Williams-Sonoma from $261.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $248.06.

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.