Clean Yield Group Makes New $30,000 Investment in Williams-Sonoma, Inc. (NYSE:WSM)

Clean Yield Group purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 192 shares of the specialty retailer’s stock, valued at approximately $30,000.

Several other institutional investors also recently modified their holdings of WSM. EntryPoint Capital LLC lifted its holdings in Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after buying an additional 78 shares during the period. Quest Partners LLC acquired a new position in shares of Williams-Sonoma in the second quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Williams-Sonoma in the first quarter valued at approximately $32,000. Crewe Advisors LLC acquired a new stake in Williams-Sonoma during the 2nd quarter valued at approximately $29,000. Finally, Contravisory Investment Management Inc. bought a new position in Williams-Sonoma during the 1st quarter worth approximately $33,000. Institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Laura Alber sold 40,000 shares of the 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 directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This trade 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 link. Also, EVP Karalyn Smith sold 11,100 shares of the business’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 directly owns 15,150 shares in the company, valued at approximately $2,040,099. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,100 shares of company stock worth $13,563,526 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Williams-Sonoma Price Performance

NYSE:WSM opened at $149.55 on Wednesday. Williams-Sonoma, Inc. has a one year low of $71.56 and a one year high of $174.26. The company has a market cap of $19.23 billion, a PE ratio of 18.37, a PEG ratio of 2.98 and a beta of 1.74. The firm has a 50-day moving average of $141.76 and a 200-day moving average of $146.81.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, topping the consensus estimate of $1.61 by $0.13. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 earnings per share. On average, equities research analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

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 issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is 28.01%.

Analyst Ratings Changes

WSM has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and upped their price objective for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Barclays cut their price target on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. TD Cowen lifted their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. 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. Finally, Royal Bank of Canada lowered their target price on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.17.

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.