Lindbrook Capital LLC Raises Position in Williams-Sonoma, Inc. (NYSE:WSM)

Lindbrook Capital LLC lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 231 shares of the specialty retailer’s stock after buying an additional 54 shares during the quarter. Lindbrook Capital LLC’s holdings in Williams-Sonoma were worth $47,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WSM. Quent Capital LLC boosted its position in shares of Williams-Sonoma by 27.8% during the 4th quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 65 shares in the last quarter. JGP Wealth Management LLC raised its holdings in shares of Williams-Sonoma by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock valued at $1,155,000 after acquiring an additional 69 shares during the period. WINTON GROUP Ltd lifted its position in shares of Williams-Sonoma by 2.1% in the 3rd quarter. WINTON GROUP Ltd now owns 3,413 shares of the specialty retailer’s stock valued at $530,000 after acquiring an additional 71 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in Williams-Sonoma by 3.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,382 shares of the specialty retailer’s stock worth $370,000 after purchasing an additional 77 shares during the period. Finally, Xponance Inc. grew its holdings in shares of Williams-Sonoma by 0.9% during the fourth quarter. Xponance Inc. now owns 8,570 shares of the specialty retailer’s stock valued at $1,729,000 after buying an additional 77 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Performance

Williams-Sonoma stock opened at $281.70 on Friday. The business’s 50-day simple moving average is $274.09 and its 200-day simple moving average is $216.87. Williams-Sonoma, Inc. has a 52 week low of $109.44 and a 52 week high of $319.78. The firm has a market capitalization of $18.10 billion, a PE ratio of 19.33, a PEG ratio of 2.40 and a beta of 1.70.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $5.50 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts forecast that Williams-Sonoma, Inc. will post 15.37 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 19th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, April 18th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s payout ratio is 31.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Wedbush reaffirmed an “outperform” rating and issued a $330.00 price target on shares of Williams-Sonoma in a research note on Thursday, March 21st. Barclays lifted their price target on Williams-Sonoma from $146.00 to $232.00 and gave the company an “underweight” rating in a report on Friday, March 15th. Evercore ISI dropped their price objective on Williams-Sonoma from $315.00 to $300.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, UBS Group raised their price objective on shares of Williams-Sonoma from $195.00 to $255.00 and gave the company a “sell” rating in a research report on Tuesday, March 19th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $248.06.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now owns 505,509 shares in the company, valued at $143,433,123.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now directly owns 505,509 shares in the company, valued at $143,433,123.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marta Benson sold 2,184 shares of Williams-Sonoma stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total value of $685,732.32. Following the transaction, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,145 shares of company stock worth $12,182,219. 1.50% of the stock is currently owned by corporate insiders.

Williams-Sonoma 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.