Cwm LLC Purchases 1,274 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Cwm LLC raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 107.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,459 shares of the specialty retailer’s stock after buying an additional 1,274 shares during the period. Cwm LLC’s holdings in Williams-Sonoma were worth $381,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of WSM. Quest Partners LLC bought a new stake in Williams-Sonoma during the second quarter worth $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma during the 2nd quarter worth $29,000. EntryPoint Capital LLC boosted its holdings in shares of Williams-Sonoma by 520.0% in 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 last quarter. Clean Yield Group bought a new position in Williams-Sonoma during the third quarter valued at about $30,000. Finally, Northwest Investment Counselors LLC bought a new position in Williams-Sonoma during the first quarter valued at about $32,000. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

Shares of WSM opened at $144.03 on Monday. Williams-Sonoma, Inc. has a 1-year low of $71.56 and a 1-year high of $174.26. The company has a market capitalization of $18.20 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.83 and a beta of 1.74. The firm’s 50 day simple moving average is $142.39 and its 200 day simple moving average is $146.14.

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 for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $1.56 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.58%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction dated 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 transaction, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on WSM. Evercore ISI dropped their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 7th. 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 report on Monday, August 19th. Barclays lowered their target price on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. TD Cowen increased their price target on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Wedbush cut their price objective on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.83.

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.