Centennial Bank AR Acquires 1,255 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Centennial Bank AR boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,510 shares of the specialty retailer’s stock after purchasing an additional 1,255 shares during the quarter. Centennial Bank AR’s holdings in Williams-Sonoma were worth $389,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in Williams-Sonoma during the 2nd quarter worth $29,000. EntryPoint Capital LLC increased its stake in Williams-Sonoma by 520.0% during the 1st 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 period. Clean Yield Group acquired a new position in Williams-Sonoma in the 3rd quarter valued at $30,000. Finally, HM Payson & Co. lifted its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Institutional investors own 99.29% of the company’s stock.

Insider Activity

In related news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company’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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,494,726.00. Following the completion of the transaction, the executive vice president now directly owns 15,150 shares in the company, valued at $2,040,099. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on WSM shares. Evercore ISI decreased their price target on 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. Royal Bank of Canada reduced their price objective on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Barclays dropped their target price 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. Wedbush downgraded shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price objective on shares of Williams-Sonoma in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $139.83.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $132.20 on Monday. Williams-Sonoma, Inc. has a 1 year low of $71.92 and a 1 year high of $174.26. The company has a market capitalization of $16.70 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.63 and a beta of 1.76. The business has a 50 day moving average of $141.64 and a 200-day moving average of $145.24.

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

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.72%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

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.