Norges Bank Purchases New Position in Williams-Sonoma, Inc. $WSM

Norges Bank purchased a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,774,569 shares of the specialty retailer’s stock, valued at approximately $316,920,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WSM. Boston Partners bought a new stake in shares of Williams-Sonoma during the third quarter valued at approximately $254,778,000. First Trust Advisors LP increased its position in shares of Williams-Sonoma by 30.7% during the third quarter. First Trust Advisors LP now owns 2,269,461 shares of the specialty retailer’s stock valued at $443,566,000 after acquiring an additional 532,995 shares in the last quarter. Wellington Management Group LLP grew its position in Williams-Sonoma by 4,142.7% in the 3rd quarter. Wellington Management Group LLP now owns 478,072 shares of the specialty retailer’s stock worth $93,439,000 after purchasing an additional 466,804 shares during the period. Victory Capital Management Inc. grew its position in Williams-Sonoma by 307.7% in the 3rd quarter. Victory Capital Management Inc. now owns 600,526 shares of the specialty retailer’s stock worth $117,373,000 after purchasing an additional 453,214 shares during the period. Finally, Man Group plc grew its position in Williams-Sonoma by 623.0% in the 2nd quarter. Man Group plc now owns 394,310 shares of the specialty retailer’s stock worth $64,418,000 after purchasing an additional 339,771 shares during the period. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WSM. Royal Bank Of Canada set a $192.00 target price on shares of Williams-Sonoma and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Williams-Sonoma in a research report on Friday, May 22nd. Argus set a $230.00 target price on shares of Williams-Sonoma in a research report on Friday. TD Cowen cut their target price on shares of Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.06.

Get Our Latest Report on WSM

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction on Monday, March 16th. The shares were sold at an average price of $183.04, for a total transaction of $3,660,800.00. Following the transaction, the chief executive officer owned 786,537 shares in the company, valued at approximately $143,967,732.48. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey Howie sold 32,684 shares of Williams-Sonoma stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $180.64, for a total transaction of $5,904,037.76. Following the transaction, the chief financial officer owned 34,138 shares in the company, valued at approximately $6,166,688.32. This trade represents a 48.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 106,370 shares of company stock worth $19,720,823. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $202.58 on Tuesday. The company’s fifty day simple moving average is $186.39 and its 200-day simple moving average is $191.96. The stock has a market capitalization of $23.85 billion, a PE ratio of 22.68, a P/E/G ratio of 2.54 and a beta of 1.51. Williams-Sonoma, Inc. has a 1-year low of $152.20 and a 1-year high of $222.00.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $1.85 EPS. Williams-Sonoma’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Williams-Sonoma, Inc. will post 9.31 EPS for the current year.

Williams-Sonoma Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 17th were paid a dividend of $0.76 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, April 17th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. Williams-Sonoma’s dividend payout ratio is presently 29.56%.

Williams-Sonoma Profile

(Free Report)

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.

See Also

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

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