Rise Advisors LLC Has $52,000 Position in Williams-Sonoma, Inc. (NYSE:WSM)

Rise Advisors LLC lifted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 100.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 339 shares of the specialty retailer’s stock after buying an additional 170 shares during the period. Rise Advisors LLC’s holdings in Williams-Sonoma were worth $52,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WSM. Quest Partners LLC acquired a new position in Williams-Sonoma during the second quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in shares of Williams-Sonoma in the second quarter valued at $29,000. EntryPoint Capital LLC increased its holdings in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after buying an additional 78 shares during the last quarter. Clean Yield Group bought a new stake in Williams-Sonoma during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Williams-Sonoma in the first quarter valued at $32,000. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Up 1.8 %

WSM stock opened at $144.35 on Monday. The company has a market cap of $18.57 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.74. Williams-Sonoma, Inc. has a 52 week low of $71.56 and a 52 week high of $174.26. The business has a 50-day simple moving average of $141.59 and a 200 day simple moving average of $146.51.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts anticipate that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be issued 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 1.58%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 28.01%.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 owns 15,150 shares in the company, valued at $2,040,099. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Laura Alber sold 40,000 shares of the 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 completion of the transaction, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WSM shares. Wedbush dropped their target price on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Robert W. Baird cut their price objective on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company decreased their target price on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Barclays cut their price target on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and upped their price target for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.