Rebalance LLC Purchases 1,090 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Rebalance LLC grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,180 shares of the specialty retailer’s stock after buying an additional 1,090 shares during the period. Rebalance LLC’s holdings in Williams-Sonoma were worth $338,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Novare Capital Management LLC raised its position in shares of Williams-Sonoma by 68.7% during the third 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. Tilia Fiduciary Partners Inc. raised its position in shares of Williams-Sonoma by 86.5% during the third 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 position in shares of Williams-Sonoma by 100.0% during the third 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. Transform Wealth LLC acquired a new position in Williams-Sonoma in the third quarter worth about $2,171,000. Finally, OmniStar Financial Group Inc. acquired a new position in Williams-Sonoma in the third quarter worth about $744,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on 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 directly owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,030,956 shares in the company, valued at $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 is available at this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Up 0.9 %

WSM stock traded up $1.19 during midday trading on Wednesday, reaching $141.09. The company’s stock had a trading volume of 159,768 shares, compared to its average volume of 1,912,502. Williams-Sonoma, Inc. has a 52 week low of $71.56 and a 52 week high of $174.26. The stock has a market cap of $17.83 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.74. The business’s 50-day simple moving average is $142.35 and its 200-day simple moving average is $145.94.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. As a group, equities analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a yield of 1.62%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WSM shares. Royal Bank of Canada dropped their price target on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Barclays dropped their price target on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Robert W. Baird dropped their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Evercore ISI dropped their price target on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Finally, TD Cowen increased their price target on shares of Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and a consensus target price of $140.83.

Williams-Sonoma Company Profile

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.