BayBridge Capital Group LLC Buys 801 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

BayBridge Capital Group LLC increased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,602 shares of the specialty retailer’s stock after purchasing an additional 801 shares during the quarter. BayBridge Capital Group LLC’s holdings in Williams-Sonoma were worth $248,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WSM. Bank of Stockton increased its holdings in Williams-Sonoma by 93.7% in the 3rd quarter. Bank of Stockton now owns 16,074 shares of the specialty retailer’s stock valued at $2,490,000 after buying an additional 7,774 shares during the period. Mediolanum International Funds Ltd boosted its holdings in shares of Williams-Sonoma by 119.7% in the 3rd quarter. Mediolanum International Funds Ltd now owns 37,871 shares of the specialty retailer’s stock valued at $5,836,000 after purchasing an additional 20,634 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Williams-Sonoma by 99.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,498 shares of the specialty retailer’s stock valued at $232,000 after purchasing an additional 746 shares during the last quarter. Cullinan Associates Inc. raised its holdings in shares of Williams-Sonoma by 88.6% during the 3rd quarter. Cullinan Associates Inc. now owns 26,400 shares of the specialty retailer’s stock worth $4,090,000 after buying an additional 12,400 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Williams-Sonoma by 104.4% during the 3rd quarter. Ballentine Partners LLC now owns 5,369 shares of the specialty retailer’s stock worth $832,000 after buying an additional 2,742 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WSM shares. Royal Bank of Canada decreased their target price on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Robert W. Baird decreased their price target 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. Evercore ISI dropped their price objective on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Wedbush decreased their target price on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Finally, Barclays lowered their price target on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Three 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.83.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the completion of the sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of the business’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 value of $1,494,726.00. Following the completion of the transaction, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Williams-Sonoma Trading Down 2.0 %

NYSE WSM opened at $134.81 on Friday. The firm has a market capitalization of $17.03 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.75 and a beta of 1.74. The business’s 50-day moving average price is $142.20 and its two-hundred day moving average price is $145.69. Williams-Sonoma, Inc. has a 12 month low of $71.56 and a 12 month high of $174.26.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating the consensus estimate of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. As a group, analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share 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. Investors of record on Friday, October 18th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is presently 27.39%.

Williams-Sonoma Company 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.