First Republic Investment Management Inc. raised its holdings in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,193 shares of the specialty retailer's stock after purchasing an additional 2,345 shares during the quarter. First Republic Investment Management Inc.'s holdings in Williams-Sonoma were worth $2,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Lindenwold Advisors increased its holdings in Williams-Sonoma by 1.4% during the second quarter. Lindenwold Advisors now owns 5,008 shares of the specialty retailer's stock worth $556,000 after buying an additional 71 shares during the last quarter. Fifth Third Bancorp grew its holdings in Williams-Sonoma by 14.4% during the second quarter. Fifth Third Bancorp now owns 572 shares of the specialty retailer's stock valued at $63,000 after purchasing an additional 72 shares during the period. Truist Financial Corp increased its position in Williams-Sonoma by 0.7% in the second quarter. Truist Financial Corp now owns 12,278 shares of the specialty retailer's stock worth $1,362,000 after buying an additional 82 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Williams-Sonoma by 3.7% in the third quarter. YorkBridge Wealth Partners LLC now owns 2,392 shares of the specialty retailer's stock valued at $282,000 after buying an additional 86 shares during the period. Finally, Janiczek Wealth Management LLC raised its stake in shares of Williams-Sonoma by 16.8% in the third quarter. Janiczek Wealth Management LLC now owns 666 shares of the specialty retailer's stock valued at $80,000 after buying an additional 96 shares during the period. 99.49% of the stock is owned by hedge funds and other institutional investors.
Get Williams-Sonoma alerts:Insider Activity
In other Williams-Sonoma news, insider Marta Benson sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $114.88, for a total transaction of $1,148,800.00. Following the completion of the transaction, the insider now owns 33,477 shares of the company's stock, valued at $3,845,837.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company's stock.
Williams-Sonoma Stock Up 2.3 %
Shares of WSM opened at $129.62 on Tuesday. The firm has a fifty day simple moving average of $119.76 and a two-hundred day simple moving average of $130.32. The stock has a market capitalization of $8.63 billion, a P/E ratio of 7.86, a PEG ratio of 0.77 and a beta of 1.55. Williams-Sonoma, Inc. has a twelve month low of $101.58 and a twelve month high of $176.89.Williams-Sonoma (NYSE:WSM – Get Rating) last posted its earnings results on Thursday, November 17th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.06). Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.16 billion. Sell-side analysts expect that Williams-Sonoma, Inc. will post 16.48 EPS for the current fiscal year.
Williams-Sonoma Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, January 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Thursday, January 19th. Williams-Sonoma's payout ratio is presently 18.91%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on WSM shares. Jefferies Financial Group lowered Williams-Sonoma from a "hold" rating to an "underperform" rating and decreased their price objective for the stock from $160.00 to $100.00 in a report on Monday, October 24th. Cowen lowered their price target on shares of Williams-Sonoma from $170.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, November 18th. Morgan Stanley cut shares of Williams-Sonoma from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $150.00 to $100.00 in a research note on Monday, November 28th. Wells Fargo & Company cut their price target on shares of Williams-Sonoma from $170.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, November 18th. Finally, Cowen lowered their price target on Williams-Sonoma from $170.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, November 18th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $133.06.
Williams-Sonoma Profile
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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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