Chartwell Investment Partners LLC Boosts Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Chartwell Investment Partners LLC raised its position in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 92.9% in the third quarter, HoldingsChannel reports. The firm owned 16,596 shares of the specialty retailer’s stock after acquiring an additional 7,992 shares during the period. Chartwell Investment Partners LLC’s holdings in Williams-Sonoma were worth $2,571,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in Williams-Sonoma during the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $29,000. EntryPoint Capital LLC increased its holdings in shares of Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Clean Yield Group acquired a new stake in shares of Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, HM Payson & Co. grew its position in Williams-Sonoma by 100.0% in the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the period. 99.29% of the stock is owned by institutional investors.

Williams-Sonoma Stock Down 0.5 %

WSM opened at $129.13 on Wednesday. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.76. Williams-Sonoma, Inc. has a fifty-two week low of $73.41 and a fifty-two week high of $174.26. The company’s 50-day moving average price is $141.39 and its 200 day moving average price is $144.87.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.13. The firm 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%. Williams-Sonoma’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. Research analysts anticipate that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.77%. Williams-Sonoma’s payout ratio is currently 27.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WSM. Citigroup lowered their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Robert W. Baird cut their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $165.00 target price on shares of Williams-Sonoma in a research report on Friday, October 11th. Wells Fargo & Company lowered their price target on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, TD Cowen lifted their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $139.47.

View Our Latest Report on Williams-Sonoma

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Smith sold 11,100 shares of the 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 $2,040,099. This trade represents 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. In other Williams-Sonoma news, 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 value of $5,810,800.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction that occurred 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 transaction, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. This trade 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 company insiders.

Williams-Sonoma Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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