Allspring Global Investments Holdings LLC Acquires 1,394 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Allspring Global Investments Holdings LLC increased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 5.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,078 shares of the specialty retailer’s stock after buying an additional 1,394 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Williams-Sonoma were worth $4,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Williams-Sonoma during the second quarter worth $26,000. Crewe Advisors LLC acquired a new position in shares of Williams-Sonoma during the second quarter worth $29,000. EntryPoint Capital LLC increased its position in shares of Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Clean Yield Group acquired a new position in shares of Williams-Sonoma during the third quarter worth $30,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Williams-Sonoma during the second quarter worth $33,000. Institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

WSM has been the topic of several research reports. Royal Bank of Canada cut 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. Wells Fargo & Company cut their target price on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Wedbush lowered their price target on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Evercore ISI lowered their price target on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and upped their price target for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.83.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm’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 owns 15,150 shares of the company’s stock, valued at $2,040,099. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm’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 owns 15,150 shares of the company’s stock, valued at $2,040,099. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the firm’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 transaction of $5,810,800.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Williams-Sonoma Trading Down 1.6 %

Shares of Williams-Sonoma stock opened at $132.55 on Tuesday. The firm has a market capitalization of $16.75 billion, a PE ratio of 15.92, a P/E/G ratio of 2.65 and a beta of 1.74. Williams-Sonoma, Inc. has a twelve month low of $71.92 and a twelve month high of $174.26. The firm’s 50-day moving average price is $142.05 and its 200 day moving average price is $145.52.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate 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 firm earned $1.56 EPS. On average, sell-side analysts predict that Williams-Sonoma, Inc. will post 7.99 EPS 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. Investors of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.72%. Williams-Sonoma’s payout ratio is currently 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.