Lazard Asset Management LLC increased its stake in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 10.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 28,187 shares of the specialty retailer’s stock after acquiring an additional 2,563 shares during the period. Lazard Asset Management LLC’s holdings in Williams-Sonoma were worth $5,139,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of WSM. Gateway Wealth Partners LLC increased its stake in shares of Williams-Sonoma by 337.7% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,753 shares of the specialty retailer’s stock valued at $1,596,000 after buying an additional 6,753 shares during the period. OMERS ADMINISTRATION Corp lifted its stake in shares of Williams-Sonoma by 15.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 18,658 shares of the specialty retailer’s stock valued at $3,402,000 after acquiring an additional 2,551 shares during the period. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Williams-Sonoma during the first quarter valued at $1,175,000. Lombard Odier Asset Management USA Corp bought a new position in Williams-Sonoma in the first quarter valued at about $331,000. Finally, Waverly Advisors LLC boosted its holdings in Williams-Sonoma by 9.0% in the first quarter. Waverly Advisors LLC now owns 4,851 shares of the specialty retailer’s stock valued at $885,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.
Williams-Sonoma Stock Down 1.9%
Shares of Williams-Sonoma stock opened at $228.89 on Friday. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $244.65. The business has a fifty day simple moving average of $221.01 and a 200 day simple moving average of $203.96. The stock has a market cap of $26.95 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.56 and a beta of 1.49.
Williams-Sonoma Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio is 34.04%.
Analyst Ratings Changes
A number of brokerages recently commented on WSM. Barclays set a $190.00 price objective on Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. KeyCorp upped their target price on shares of Williams-Sonoma from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Citigroup reduced their target price on shares of Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Argus set a $230.00 price target on shares of Williams-Sonoma in a research report on Friday, May 29th. Finally, Weiss Ratings raised shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.47.
View Our Latest Stock Report on WSM
Insider Transactions at Williams-Sonoma
In related news, CEO Laura Alber sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $200.00, for a total value of $3,000,000.00. Following the sale, the chief executive officer directly owned 923,524 shares in the company, valued at $184,704,800. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $228.49, for a total transaction of $254,080.88. Following the completion of the sale, the executive vice president owned 21,717 shares in the company, valued at $4,962,117.33. This represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 36,634 shares of company stock valued at $6,812,283. 1.10% of the stock is currently owned by company insiders.
Williams-Sonoma Profile
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
- Five stocks we like better than Williams-Sonoma
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.
