International Assets Investment Management LLC Increases Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

International Assets Investment Management LLC increased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 30,883.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,859 shares of the specialty retailer’s stock after acquiring an additional 1,853 shares during the period. International Assets Investment Management LLC’s holdings in Williams-Sonoma were worth $288,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Novare Capital Management LLC raised its stake in Williams-Sonoma by 68.7% during 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 during the last quarter. Raymond James & Associates raised its stake in Williams-Sonoma by 105.0% during 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 during the last quarter. Tilia Fiduciary Partners Inc. raised its stake in Williams-Sonoma by 86.5% during 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 during the last quarter. Mogy Joel R Investment Counsel Inc. raised its stake in Williams-Sonoma by 100.0% during 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 during the last quarter. Finally, Telos Capital Management Inc. raised its stake in Williams-Sonoma by 95.1% during the 3rd quarter. Telos Capital Management Inc. now owns 44,860 shares of the specialty retailer’s stock valued at $6,950,000 after buying an additional 21,870 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $129.47 on Thursday. The company has a market capitalization of $16.36 billion, a P/E ratio of 15.55, a P/E/G ratio of 2.66 and a beta of 1.76. The company has a fifty day moving average of $141.54 and a 200 day moving average of $145.06. Williams-Sonoma, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $174.26.

Williams-Sonoma (NYSE:WSM) last issued its earnings results 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 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 EPS. Analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

WSM has been the subject of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $165.00 target price on shares of Williams-Sonoma in a research note on Friday, October 11th. Robert W. Baird reduced their price objective on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Jefferies Financial Group upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. 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 research note on Monday, August 19th. Finally, Evercore ISI reduced their price objective on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $139.83.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $5,810,800.00. Following 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.