Community Bank & Trust Waco Texas Increases Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Community Bank & Trust Waco Texas grew its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 93.2% in the third quarter, Holdings Channel reports. The institutional investor owned 1,420 shares of the specialty retailer’s stock after purchasing an additional 685 shares during the period. Community Bank & Trust Waco Texas’ holdings in Williams-Sonoma were worth $220,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC lifted its holdings in shares of Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Quest Partners LLC acquired a new position in Williams-Sonoma in the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in Williams-Sonoma during the 2nd quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new position in Williams-Sonoma during the 2nd quarter worth approximately $33,000. Finally, UMB Bank n.a. increased its position in Williams-Sonoma by 245.5% during the 2nd quarter. UMB Bank n.a. now owns 190 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 135 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSM has been the topic of several recent analyst reports. Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $150.00 to $135.00 in a research report on Wednesday, October 30th. Evercore ISI decreased their price target on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada decreased their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Citigroup decreased their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, TD Cowen boosted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $139.47.

Insider Transactions at Williams-Sonoma

In other news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total value of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the completion of the transaction, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Price Performance

NYSE:WSM opened at $129.13 on Wednesday. The firm has a 50-day moving average of $141.39 and a two-hundred day moving average of $144.87. The stock has a market cap of $16.31 billion, a P/E ratio of 15.51, a PEG ratio of 2.55 and a beta of 1.76. Williams-Sonoma, Inc. has a 1-year low of $73.41 and a 1-year high of $174.26.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $1.56 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.77%. Williams-Sonoma’s payout ratio is 27.39%.

About Williams-Sonoma

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.