Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 239.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,560 shares of the specialty retailer’s stock after buying an additional 1,805 shares during the period. Atria Investments Inc’s holdings in Williams-Sonoma were worth $397,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Novare Capital Management LLC boosted its holdings in shares of Williams-Sonoma by 68.7% in the 3rd quarter. Novare Capital Management LLC now owns 10,145 shares of the specialty retailer’s stock valued at $1,572,000 after buying an additional 4,132 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Williams-Sonoma by 105.0% in the 3rd quarter. Raymond James & Associates now owns 173,621 shares of the specialty retailer’s stock valued at $26,897,000 after buying an additional 88,936 shares in the last quarter. Tilia Fiduciary Partners Inc. boosted its holdings in shares of Williams-Sonoma by 86.5% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 11,575 shares of the specialty retailer’s stock valued at $1,793,000 after buying an additional 5,369 shares in the last quarter. Mogy Joel R Investment Counsel Inc. boosted its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Mogy Joel R Investment Counsel Inc. now owns 10,200 shares of the specialty retailer’s stock valued at $1,580,000 after buying an additional 5,100 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in shares of Williams-Sonoma in the 3rd quarter valued at $7,952,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSM. Royal Bank of Canada increased their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup decreased their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Loop Capital increased their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday. TD Cowen increased their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $154.41.

Williams-Sonoma Stock Down 1.2 %

Shares of WSM opened at $172.95 on Friday. The company has a 50-day simple moving average of $142.34 and a 200-day simple moving average of $144.55. The company has a market capitalization of $21.85 billion, a PE ratio of 20.60, a P/E/G ratio of 2.71 and a beta of 1.76. Williams-Sonoma, Inc. has a 52-week low of $89.87 and a 52-week high of $181.42.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. The business 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%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. On average, research analysts anticipate that Williams-Sonoma, Inc. will post 7.95 EPS for the current year.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.32%. Williams-Sonoma’s dividend payout ratio is presently 27.40%.

Insider Buying and Selling

In other news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the sale, the chief executive officer now owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction that occurred 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 in the company, valued at $2,040,099. This represents a 42.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,100 shares of company stock valued at $12,525,126. Insiders own 1.50% of the company’s stock.

About Williams-Sonoma

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.