Impact Partnership Wealth LLC Acquires 1,580 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Impact Partnership Wealth LLC grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 101.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,134 shares of the specialty retailer’s stock after purchasing an additional 1,580 shares during the period. Impact Partnership Wealth LLC’s holdings in Williams-Sonoma were worth $486,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC increased its stake in Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Williams-Sonoma in the second quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in Williams-Sonoma during the second quarter worth about $29,000. Hobbs Group Advisors LLC bought a new stake in Williams-Sonoma during the second quarter worth about $33,000. Finally, ORG Partners LLC acquired a new position in Williams-Sonoma during the first quarter valued at approximately $45,000. Institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In related news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the sale, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. This 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.

Williams-Sonoma Stock Performance

NYSE:WSM traded up $0.67 during mid-day trading on Thursday, hitting $139.04. 23,122 shares of the stock were exchanged, compared to its average volume of 1,910,590. The firm’s 50-day simple moving average is $142.34 and its 200 day simple moving average is $145.88. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.75 and a beta of 1.74. Williams-Sonoma, Inc. has a fifty-two week low of $71.56 and a fifty-two week high of $174.26.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.56 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.64%. Williams-Sonoma’s payout ratio is presently 27.39%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WSM. Royal Bank of Canada lowered their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock 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 on the stock in a research report on Wednesday, August 7th. Barclays cut 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 note on Friday, August 23rd. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Finally, Robert W. Baird cut their target price on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.