Creative Planning boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 18.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,162 shares of the specialty retailer's stock after acquiring an additional 1,126 shares during the period. Creative Planning's holdings in Williams-Sonoma were worth $844,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Oxbow Advisors LLC boosted its holdings in Williams-Sonoma by 3.3% in the 3rd quarter. Oxbow Advisors LLC now owns 22,866 shares of the specialty retailer's stock valued at $2,695,000 after purchasing an additional 739 shares in the last quarter. Duality Advisers LP purchased a new stake in Williams-Sonoma in the 3rd quarter valued at approximately $4,739,000. Teacher Retirement System of Texas boosted its holdings in Williams-Sonoma by 136.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,411 shares of the specialty retailer's stock valued at $3,230,000 after purchasing an additional 15,799 shares in the last quarter. Barclays PLC boosted its holdings in Williams-Sonoma by 180.4% in the 3rd quarter. Barclays PLC now owns 226,728 shares of the specialty retailer's stock valued at $26,720,000 after purchasing an additional 145,882 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in Williams-Sonoma in the 3rd quarter valued at approximately $586,000. Hedge funds and other institutional investors own 99.49% of the company's stock.
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Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on WSM shares. Jefferies Financial Group lowered Williams-Sonoma from a "hold" rating to an "underperform" rating and lowered their price objective for the company from $160.00 to $100.00 in a report on Monday, October 24th. Cowen decreased their price target on Williams-Sonoma from $170.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, November 18th. Telsey Advisory Group decreased their price target on Williams-Sonoma from $195.00 to $155.00 and set an "outperform" rating on the stock in a research note on Friday, November 18th. Wedbush lowered Williams-Sonoma from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $190.00 to $110.00 in a research note on Tuesday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on Williams-Sonoma from $143.00 to $131.00 in a research note on Friday, November 11th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma has a consensus rating of "Hold" and an average price target of $133.06.
Williams-Sonoma Stock Performance
Shares of WSM opened at $129.62 on Tuesday. The stock has a fifty day moving average of $119.76 and a two-hundred day moving average of $130.32. The company has a market capitalization of $8.63 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55. Williams-Sonoma, Inc. has a fifty-two week low of $101.58 and a fifty-two week high of $176.89.
Williams-Sonoma (NYSE:WSM – Get Rating) last issued its quarterly earnings results on Thursday, November 17th. The specialty retailer reported $3.72 earnings per share for the quarter, missing the consensus estimate of $3.78 by ($0.06). The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. As a group, equities research analysts forecast that Williams-Sonoma, Inc. will post 16.48 earnings per share for the current fiscal year.
Williams-Sonoma Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, January 20th will be issued a $0.78 dividend. The ex-dividend date is Thursday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.41%. Williams-Sonoma's dividend payout ratio (DPR) is presently 18.91%.
Insider Buying and Selling at Williams-Sonoma
In other Williams-Sonoma news, insider Marta Benson sold 10,000 shares of the business's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $114.88, for a total value of $1,148,800.00. Following the completion of the transaction, the insider now directly owns 33,477 shares in the company, valued at approximately $3,845,837.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.
About Williams-Sonoma
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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.
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