Stevens Capital Management LP bought a new position in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,816 shares of the specialty retailer’s stock, valued at approximately $860,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in shares of Williams-Sonoma in the third quarter valued at about $37,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Williams-Sonoma by 66.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 88 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Williams-Sonoma by 57.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 228 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 83 shares during the last quarter. Root Financial Partners LLC bought a new stake in Williams-Sonoma during the 3rd quarter valued at approximately $48,000. Finally, Zions Bancorporation National Association UT boosted its stake in Williams-Sonoma by 760.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 258 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Citigroup lifted their price target on Williams-Sonoma from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings raised Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $220.00 target price on shares of Williams-Sonoma in a research report on Thursday, March 12th. Evercore set a $200.00 target price on shares of Williams-Sonoma in a research note on Tuesday, April 14th. Finally, Zelman & Associates raised shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price target for the company in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.56.
Williams-Sonoma Stock Up 2.6%
Shares of WSM opened at $180.22 on Wednesday. The stock’s 50-day moving average price is $189.15 and its 200 day moving average price is $192.87. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.22 and a beta of 1.49. Williams-Sonoma, Inc. has a 12-month low of $147.39 and a 12-month high of $222.00.
Williams-Sonoma (NYSE:WSM – Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.14. Williams-Sonoma had a return on equity of 51.45% and a net margin of 13.94%.The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $3.28 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts expect that Williams-Sonoma, Inc. will post 9.2 EPS for the current year.
Williams-Sonoma Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 17th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.7%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, April 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 29.83%.
Insiders Place Their Bets
In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of Williams-Sonoma stock in a transaction on Friday, April 17th. The shares were sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the sale, the chief executive officer owned 958,524 shares in the company, valued at $191,704,800. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Howie sold 1,419 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $188.45, for a total transaction of $267,410.55. Following the completion of the sale, the chief financial officer directly owned 34,138 shares in the company, valued at $6,433,306.10. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,370 shares of company stock worth $13,268,623 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
About Williams-Sonoma
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.
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