7,463 Shares in Williams-Sonoma, Inc. (NYSE:WSM) Bought by Accent Capital Management LLC

Accent Capital Management LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,463 shares of the specialty retailer’s stock, valued at approximately $1,156,000. Williams-Sonoma comprises 0.7% of Accent Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter valued at about $26,000. Cassady Schiller Wealth Management LLC grew its position in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 83 shares during the period. Crewe Advisors LLC purchased a new stake in Williams-Sonoma during the second quarter valued at approximately $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 valued at $30,000 after buying an additional 78 shares during the last quarter. Finally, Clean Yield Group bought a new position in Williams-Sonoma in the third quarter worth approximately $30,000. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Laura Alber sold 40,000 shares of the business’s 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. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 15,150 shares in the company, valued at $2,040,099. This trade represents a 42.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company reduced their price objective on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $150.00 to $135.00 in a research report on Wednesday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Williams-Sonoma in a research report on Friday. TD Cowen boosted their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Barclays decreased their target price on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $139.47.

Williams-Sonoma Price Performance

WSM stock opened at $130.65 on Friday. The company has a market capitalization of $16.51 billion, a PE ratio of 15.69, a P/E/G ratio of 2.57 and a beta of 1.76. Williams-Sonoma, Inc. has a 12 month low of $80.49 and a 12 month high of $174.26. The firm’s 50-day moving average is $141.35 and its 200 day moving average is $144.50.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS 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 net margin of 14.29% and a return on equity of 51.57%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.56 earnings per share. Sell-side analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently announced 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. This represents a $2.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is 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.