Alexander Labrunerie & CO. Inc. Has $789,000 Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Alexander Labrunerie & CO. Inc. increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 101.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,091 shares of the specialty retailer’s stock after purchasing an additional 2,558 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Williams-Sonoma were worth $789,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its position in shares of Williams-Sonoma by 9.6% during the first quarter. Banque Cantonale Vaudoise now owns 617 shares of the specialty retailer’s stock worth $196,000 after buying an additional 54 shares during the period. Park Avenue Securities LLC grew its position in Williams-Sonoma by 10.1% in the 1st quarter. Park Avenue Securities LLC now owns 2,956 shares of the specialty retailer’s stock valued at $939,000 after purchasing an additional 270 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Williams-Sonoma during the 1st quarter worth $245,000. DGS Capital Management LLC purchased a new position in Williams-Sonoma during the 1st quarter worth $225,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Williams-Sonoma by 110.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,074 shares of the specialty retailer’s stock worth $8,914,000 after acquiring an additional 14,711 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm’s 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 completion of the sale, the executive vice president now owns 15,150 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 of the company’s stock, valued at approximately $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 accessible through this link. Also, 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 transaction of $5,810,800.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Evercore ISI cut their price objective on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Williams-Sonoma in a report on Friday, October 11th. Royal Bank of Canada lowered their target price 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. Finally, TD Cowen lifted their target price 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 investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.83.

Williams-Sonoma Stock Up 0.0 %

Shares of Williams-Sonoma stock opened at $139.81 on Wednesday. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.83 and a beta of 1.74. The business has a 50-day moving average price of $142.35 and a 200-day moving average price of $145.94. Williams-Sonoma, Inc. has a twelve month low of $71.56 and a twelve month high of $174.26.

Williams-Sonoma (NYSE:WSM) last issued 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 return on equity of 51.57% and a net margin of 14.29%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $1.56 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s payout ratio is currently 27.39%.

Williams-Sonoma Profile

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.