Accent Capital Management LLC Invests $1.16 Million in Williams-Sonoma, Inc. (NYSE:WSM)

Accent Capital Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,463 shares of the specialty retailer's stock, valued at approximately $1,156,000. Williams-Sonoma comprises approximately 0.7% of Accent Capital Management LLC's investment portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Williams-Sonoma during the second quarter worth about $26,000. Cassady Schiller Wealth Management LLC lifted its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock worth $26,000 after buying an additional 83 shares in the last quarter. Crewe Advisors LLC purchased a new position in Williams-Sonoma in the 2nd quarter valued at approximately $29,000. EntryPoint Capital LLC grew its stake in shares of Williams-Sonoma by 520.0% in 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 in the last quarter. Finally, Clean Yield Group purchased a new stake in shares of Williams-Sonoma during the third quarter worth $30,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on WSM. Jefferies Financial Group raised Williams-Sonoma from a "hold" rating to a "buy" rating and boosted their target price for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Citigroup cut their target price on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Barclays decreased 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. Wedbush cut shares of Williams-Sonoma from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Finally, TD Cowen boosted their target price on shares of Williams-Sonoma from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $139.47.

Insiders Place Their Bets

In other news, EVP Karalyn Smith sold 11,100 shares of the business's stock in a transaction 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 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 42.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma 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 owns 1,030,956 shares of the company's stock, valued at approximately $149,766,978.12. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Williams-Sonoma Stock Down 0.1 %

WSM stock traded down $0.17 during trading on Friday, hitting $130.65. The company had a trading volume of 1,885,321 shares, compared to its average volume of 1,857,123. Williams-Sonoma, Inc. has a 1-year low of $80.49 and a 1-year high of $174.26. The firm has a 50-day moving average price of $141.35 and a 200-day moving average price of $144.50. The firm has a market cap of $16.51 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.57 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The business's revenue was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current 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 issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a yield of 1.75%. Williams-Sonoma's dividend payout ratio (DPR) is currently 27.39%.

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.