Sittner & Nelson LLC Has $31,000 Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Sittner & Nelson LLC lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200 shares of the specialty retailer’s stock after buying an additional 100 shares during the quarter. Sittner & Nelson LLC’s holdings in Williams-Sonoma were worth $31,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC grew its position in Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Quest Partners LLC acquired a new position in Williams-Sonoma during the second quarter worth $26,000. Crewe Advisors LLC bought a new position in Williams-Sonoma during the second quarter valued at about $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of Williams-Sonoma in the second quarter worth about $33,000. Finally, ORG Partners LLC bought a new stake in shares of Williams-Sonoma during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on WSM shares. TD Cowen increased their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Royal Bank of Canada cut their target price on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Barclays lowered their price target on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Wedbush lowered Williams-Sonoma from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $150.00 to $135.00 in a report on Wednesday, October 30th. Finally, 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 report on Monday, August 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.83.

Williams-Sonoma Stock Performance

Shares of WSM opened at $133.88 on Friday. The stock has a fifty day moving average price of $141.57 and a two-hundred day moving average price of $144.99. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.54 and a beta of 1.76. Williams-Sonoma, Inc. has a 52-week low of $71.92 and a 52-week high of $174.26.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $1.56 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts predict 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 given a $0.57 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.70%. Williams-Sonoma’s payout ratio is 27.39%.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Williams-Sonoma 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 transaction of $5,810,800.00. Following the completion of the sale, the chief executive officer now owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.