Pinnacle Bancorp Inc. Buys 720 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Pinnacle Bancorp Inc. raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,440 shares of the specialty retailer’s stock after acquiring an additional 720 shares during the period. Pinnacle Bancorp Inc.’s holdings in Williams-Sonoma were worth $223,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Williams-Sonoma by 28.6% in the second quarter. Pacer Advisors Inc. now owns 964,910 shares of the specialty retailer’s stock valued at $272,462,000 after acquiring an additional 214,669 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Williams-Sonoma by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 823,692 shares of the specialty retailer’s stock worth $232,613,000 after purchasing an additional 43,607 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Williams-Sonoma by 37.5% during the first quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer’s stock worth $223,833,000 after purchasing an additional 192,432 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Williams-Sonoma by 536.3% in the second quarter. Renaissance Technologies LLC now owns 383,700 shares of the specialty retailer’s stock valued at $108,345,000 after buying an additional 323,400 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Williams-Sonoma by 73.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 380,383 shares of the specialty retailer’s stock valued at $107,409,000 after buying an additional 161,000 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $144.35 on Friday. The firm’s 50 day simple moving average is $141.50 and its 200 day simple moving average is $146.72. Williams-Sonoma, Inc. has a fifty-two week low of $71.56 and a fifty-two week high of $174.26. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.78 and a beta of 1.74.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be issued a $0.57 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.58%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 27.39%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $156.45, for a total value of $6,258,000.00. Following the transaction, the chief executive officer now owns 1,070,956 shares of the company’s stock, valued at approximately $167,551,066.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $156.45, for a total value of $6,258,000.00. Following the sale, the chief executive officer now owns 1,070,956 shares of the company’s stock, valued at $167,551,066.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,100 shares of company stock valued at $13,563,526 over the last 90 days. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays decreased their price objective on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and raised their price target for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. Royal Bank of Canada reduced their price objective on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. TD Cowen increased their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Wedbush dropped their target price on Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average target price of $140.83.

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.