Edgemoor Investment Advisors Inc. lowered its position in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 3.1% in the third quarter, HoldingsChannel.com reports. The fund owned 165,260 shares of the specialty retailer’s stock after selling 5,305 shares during the quarter. Williams-Sonoma comprises 2.5% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 11th biggest position. Edgemoor Investment Advisors Inc.’s holdings in Williams-Sonoma were worth $37,669,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Candriam S.C.A. increased its holdings in Williams-Sonoma by 1.8% during the 3rd quarter. Candriam S.C.A. now owns 10,192 shares of the specialty retailer’s stock valued at $2,332,000 after purchasing an additional 178 shares in the last quarter. Ethic Inc. raised its position in Williams-Sonoma by 55.0% in the 3rd quarter. Ethic Inc. now owns 21,364 shares of the specialty retailer’s stock valued at $4,870,000 after purchasing an additional 7,584 shares during the last quarter. Parallel Advisors LLC boosted its stake in Williams-Sonoma by 54.2% in the third quarter. Parallel Advisors LLC now owns 5,401 shares of the specialty retailer’s stock worth $1,231,000 after purchasing an additional 1,899 shares in the last quarter. Heritage Family Offices LLP acquired a new position in Williams-Sonoma in the third quarter worth $93,000. Finally, Kestra Advisory Services LLC boosted its stake in Williams-Sonoma by 0.6% in the third quarter. Kestra Advisory Services LLC now owns 14,952 shares of the specialty retailer’s stock worth $3,408,000 after purchasing an additional 83 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on WSM shares. Telsey Advisory Group set a $260.00 target price on Williams-Sonoma and gave the company an “outperform” rating in a research note on Thursday, August 27th. Citigroup lifted their price target on Williams-Sonoma from $252.00 to $275.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen reiterated a “buy” rating on shares of Williams-Sonoma in a research report on Monday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $259.00 price objective (down from $260.00) on shares of Williams-Sonoma in a report on Thursday, October 29th. Finally, Wells Fargo & Company raised their price objective on shares of Williams-Sonoma from $190.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.17.
Get Our Latest Stock Report on Williams-Sonoma
Williams-Sonoma Price Performance
WSM stock opened at $253.90 on Monday. The company has a 50 day moving average price of $238.58 and a 200 day moving average price of $216.02. Williams-Sonoma, Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $274.45. The stock has a market capitalization of $29.90 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.75 and a beta of 1.48.
Williams-Sonoma (NYSE:WSM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The specialty retailer reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.93 billion. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $2.00 EPS. As a group, equities analysts expect that Williams-Sonoma, Inc. will post 9.50 earnings per share for the current fiscal year.
Williams-Sonoma Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 16th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 16th. Williams-Sonoma’s dividend payout ratio is 31.12%.
Insider Transactions at Williams-Sonoma
In related news, CFO Jeffrey Howie sold 3,045 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $220.61, for a total value of $671,757.45. Following the transaction, the chief financial officer owned 34,138 shares in the company, valued at $7,531,184.18. This trade represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 35,000 shares of Williams-Sonoma stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $221.20, for a total value of $7,742,000.00. Following the completion of the sale, the chief executive officer owned 853,524 shares of the company’s stock, valued at approximately $188,799,508.80. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 39,361 shares of company stock worth $8,738,903. 1.10% of the stock is owned by insiders.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a specialty retailer focused on home furnishings, kitchenware and related products. Its portfolio includes Williams Sonoma, Pottery Barn, Pottery Barn Kids and Teen, West Elm, Rejuvenation, and Mark and Graham, with offerings ranging from cookware and furniture to lighting, textiles, décor and gifts.
Founded in 1956 by Chuck Williams as a cookware shop in Sonoma, California, the company has grown into a multichannel retailer. It sells through its websites and retail stores, serving customers in North America and select international markets.
Laura Alber is the company’s chief executive officer.
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