Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 90.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,241 shares of the specialty retailer’s stock after buying an additional 19,151 shares during the quarter. Williams-Sonoma comprises about 3.2% of Carolina Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Carolina Wealth Advisors LLC’s holdings in Williams-Sonoma were worth $6,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in shares of Williams-Sonoma by 536.3% in the second quarter. Renaissance Technologies LLC now owns 383,700 shares of the specialty retailer’s stock valued at $108,345,000 after acquiring an additional 323,400 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Williams-Sonoma by 28.6% in the 2nd quarter. Pacer Advisors Inc. now owns 964,910 shares of the specialty retailer’s stock worth $272,462,000 after buying an additional 214,669 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Williams-Sonoma in the 2nd quarter worth about $58,213,000. Captrust Financial Advisors lifted its position in Williams-Sonoma by 37.5% during the first quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer’s stock valued at $223,833,000 after buying an additional 192,432 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Williams-Sonoma by 73.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 380,383 shares of the specialty retailer’s stock valued at $107,409,000 after purchasing an additional 161,000 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Down 2.7 %

NYSE:WSM traded down $3.87 on Monday, reaching $140.16. The stock had a trading volume of 657,087 shares, compared to its average volume of 1,916,154. The company has a market capitalization of $17.71 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 2.83 and a beta of 1.74. Williams-Sonoma, Inc. has a 1-year low of $71.56 and a 1-year high of $174.26. The stock has a fifty day moving average price of $142.39 and a 200-day moving average price of $146.14.

Williams-Sonoma (NYSE:WSM) last released 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. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $1.56 EPS. Williams-Sonoma’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts predict that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors 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 annualized dividend and a yield of 1.63%. Williams-Sonoma’s dividend payout ratio (DPR) is 27.39%.

Insiders Place Their Bets

In other Williams-Sonoma 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 value of $1,494,726.00. Following the completion of the transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Karalyn Smith sold 11,100 shares of the company’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 transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. This 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 through this link. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at $149,766,978.12. 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.

Wall Street Analyst Weigh In

Several research firms recently commented on WSM. TD Cowen boosted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Robert W. Baird decreased their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Wells Fargo & Company reduced their price target on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and upped their price objective for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price target on shares of Williams-Sonoma in a research note on Friday, October 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $140.83.

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.