TFG Advisers LLC Acquires 2,885 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

TFG Advisers LLC increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 105.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,631 shares of the specialty retailer’s stock after acquiring an additional 2,885 shares during the period. TFG Advisers LLC’s holdings in Williams-Sonoma were worth $872,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise lifted 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 purchasing an additional 54 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Williams-Sonoma by 10.1% during the 1st quarter. Park Avenue Securities LLC now owns 2,956 shares of the specialty retailer’s stock valued at $939,000 after buying an additional 270 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Williams-Sonoma in the 1st quarter valued at about $245,000. DGS Capital Management LLC bought a new position in Williams-Sonoma in the 1st quarter worth about $225,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Williams-Sonoma by 110.1% in 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 in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Activity

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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction on Wednesday, August 28th. The stock was 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. 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 Stock Performance

WSM stock traded up $1.70 on Wednesday, hitting $141.60. 109,581 shares of the company’s stock were exchanged, compared to its average volume of 1,912,349. The firm has a 50 day moving average price of $142.35 and a two-hundred day moving average price of $145.94. Williams-Sonoma, Inc. has a 12-month low of $71.56 and a 12-month high of $174.26. The stock has a market cap of $17.89 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.74.

Williams-Sonoma (NYSE:WSM) last issued 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 analyst estimates of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. Sell-side analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.61%. Williams-Sonoma’s payout ratio is currently 27.39%.

Analyst Ratings Changes

Several brokerages recently issued reports on WSM. TD Cowen increased their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Wedbush dropped their price target on Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Evercore ISI cut their price target on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Williams-Sonoma in a research note on Friday, October 11th. Finally, Robert W. Baird dropped their target price on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Three 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $140.83.

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.