Savvy Advisors Inc. Makes New $218,000 Investment in Williams-Sonoma, Inc. (NYSE:WSM)

Savvy Advisors Inc. acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSMFree Report) during the third quarter, HoldingsChannel reports. The firm acquired 1,407 shares of the specialty retailer’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Williams-Sonoma by 110.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,846 shares of the specialty retailer’s stock valued at $37,932,000 after purchasing an additional 128,523 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Williams-Sonoma in the 3rd quarter valued at $826,000. Entropy Technologies LP acquired a new stake in Williams-Sonoma during the 3rd quarter worth $883,000. Jeppson Wealth Management LLC lifted its position in Williams-Sonoma by 97.4% in the third quarter. Jeppson Wealth Management LLC now owns 3,024 shares of the specialty retailer’s stock valued at $468,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Williams-Sonoma by 56.3% in the third quarter. Venturi Wealth Management LLC now owns 6,888 shares of the specialty retailer’s stock valued at $1,067,000 after acquiring an additional 2,481 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $129.54 on Thursday. The stock’s 50 day moving average price is $141.34 and its 200 day moving average price is $144.79. The company has a market cap of $16.37 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.54 and a beta of 1.76. Williams-Sonoma, Inc. has a 1-year low of $76.19 and a 1-year high of $174.26.

Williams-Sonoma (NYSE:WSMGet Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 EPS. On average, equities research analysts anticipate that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal 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 of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.76%. Williams-Sonoma’s payout ratio is 27.39%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSM. Wells Fargo & Company decreased their target price on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their target price for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. Citigroup decreased their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Barclays dropped their price objective on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Finally, Evercore ISI decreased their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $139.47.

Read Our Latest Stock Report on WSM

Insider Transactions at Williams-Sonoma

In related news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related 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 value of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. The trade was 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 Company Profile

(Free Report)

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.

Read More

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:WSMFree Report).

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

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.