Greenleaf Trust Acquires 3,139 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Greenleaf Trust increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 99.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,308 shares of the specialty retailer’s stock after purchasing an additional 3,139 shares during the period. Greenleaf Trust’s holdings in Williams-Sonoma were worth $977,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in Williams-Sonoma during the second quarter worth approximately $26,000. Crewe Advisors LLC acquired a new stake in Williams-Sonoma during the second quarter worth approximately $29,000. EntryPoint Capital LLC lifted its position in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Clean Yield Group acquired a new stake in shares of Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $33,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSM has been the subject of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $165.00 price target on shares of Williams-Sonoma in a research report on Friday, October 11th. Royal Bank of Canada lowered their price objective 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. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and boosted their price objective for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Robert W. Baird lowered their price objective 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. Finally, TD Cowen boosted their price objective on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.83.

Williams-Sonoma Stock Down 0.6 %

Williams-Sonoma stock opened at $137.54 on Friday. The company’s 50 day moving average price is $142.27 and its two-hundred day moving average price is $145.83. 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 $17.38 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.75 and a beta of 1.74.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business earned $1.56 EPS. Williams-Sonoma’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate 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. Stockholders of record on Friday, October 18th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is currently 27.39%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Karalyn Smith sold 11,100 shares of the business’s 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 transaction, the executive vice president now owns 15,150 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the business’s 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 owns 1,030,956 shares in the company, valued at $149,766,978.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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.