Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 94.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,545 shares of the specialty retailer's stock after purchasing an additional 58,921 shares during the quarter. Williams-Sonoma accounts for 0.9% of Linscomb Wealth Inc.'s portfolio, making the stock its 15th biggest holding. Linscomb Wealth Inc. owned about 0.10% of Williams-Sonoma worth $18,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Motley Fool Asset Management LLC grew its holdings in Williams-Sonoma by 4.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer's stock valued at $389,000 after buying an additional 52 shares in the last quarter. Quent Capital LLC grew its holdings in Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer's stock valued at $114,000 after buying an additional 59 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Williams-Sonoma by 6.3% in the 1st quarter. Bleakley Financial Group LLC now owns 1,199 shares of the specialty retailer's stock valued at $381,000 after purchasing an additional 71 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in shares of Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer's stock valued at $500,000 after purchasing an additional 81 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Williams-Sonoma Stock Down 0.1 %

Shares of Williams-Sonoma stock traded down $0.16 during mid-day trading on Friday, hitting $130.66. The stock had a trading volume of 1,885,227 shares, compared to its average volume of 1,920,463. The firm has a market cap of $16.51 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.76. The firm has a 50-day moving average of $141.35 and a two-hundred day moving average of $144.58. Williams-Sonoma, Inc. has a 12-month low of $80.49 and a 12-month high of $174.26.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.13. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.56 EPS. Sell-side analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The company 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 $0.57 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.75%. Williams-Sonoma's payout ratio is 27.39%.

Insider Activity

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm's stock in a transaction on 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 directly owns 15,150 shares of the company's stock, valued at approximately $2,040,099. This trade represents a 42.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Laura Alber sold 40,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was 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 directly owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WSM. Jefferies Financial Group raised Williams-Sonoma from a "hold" rating to a "buy" rating and raised their price objective for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Wedbush downgraded Williams-Sonoma from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Royal Bank of Canada reduced their price objective on Williams-Sonoma from $150.00 to $147.00 and set an "outperform" rating on the stock in a report on Friday, August 23rd. TD Cowen lifted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a "buy" rating in a report on Monday, September 16th. Finally, Evercore ISI cut their price target on Williams-Sonoma from $155.00 to $135.00 and set an "in-line" rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma currently has an average rating of "Hold" and a consensus target price of $139.47.

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.