Williams-Sonoma, Inc. (WSM) Holdings Raised by Cwm LLC

Cwm LLC raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 38.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,564 shares of the specialty retailer’s stock after acquiring an additional 27,040 shares during the quarter. Cwm LLC’s holdings in Williams-Sonoma were worth $6,412,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new stake in shares of Williams-Sonoma in the third quarter worth about $220,000. Enterprise Financial Services Corp increased its holdings in shares of Williams-Sonoma by 61.8% in the third quarter. Enterprise Financial Services Corp now owns 4,660 shares of the specialty retailer’s stock worth $306,000 after purchasing an additional 1,780 shares during the last quarter. Barings LLC increased its holdings in shares of Williams-Sonoma by 79.7% in the third quarter. Barings LLC now owns 21,200 shares of the specialty retailer’s stock worth $1,393,000 after purchasing an additional 9,400 shares during the last quarter. State Treasurer State of Michigan increased its holdings in shares of Williams-Sonoma by 5.7% in the third quarter. State Treasurer State of Michigan now owns 29,800 shares of the specialty retailer’s stock worth $1,958,000 after purchasing an additional 1,600 shares during the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Williams-Sonoma in the third quarter worth about $2,061,000.

In other Williams-Sonoma news, insider Janet Hayes sold 14,376 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the transaction, the insider now owns 44,889 shares in the company, valued at $3,056,940.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Randolph King sold 24,323 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the transaction, the executive vice president now owns 17,589 shares of the company’s stock, valued at approximately $1,211,530.32. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

WSM has been the topic of several research reports. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Friday, July 20th. Loop Capital lifted their target price on Williams-Sonoma to $65.00 and gave the stock a “hold” rating in a report on Thursday, August 23rd. They noted that the move was a valuation call. ValuEngine cut Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Buckingham Research lifted their target price on Williams-Sonoma from $54.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, August 23rd. Finally, Royal Bank of Canada lifted their target price on Williams-Sonoma to $67.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.23.

Shares of NYSE WSM opened at $59.84 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Williams-Sonoma, Inc. has a 1-year low of $44.01 and a 1-year high of $73.99. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.68 and a beta of 0.83.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.09. Williams-Sonoma had a return on equity of 28.68% and a net margin of 4.84%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts predict that Williams-Sonoma, Inc. will post 4.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, October 25th. This represents a $1.72 annualized dividend and a yield of 2.87%. Williams-Sonoma’s payout ratio is currently 47.65%.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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

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