Los Angeles Capital Management LLC Has $673,000 Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Los Angeles Capital Management LLC trimmed its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 94.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,346 shares of the specialty retailer's stock after selling 74,616 shares during the quarter. Los Angeles Capital Management LLC's holdings in Williams-Sonoma were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quest Partners LLC acquired a new position in Williams-Sonoma in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC acquired a new stake in shares of Williams-Sonoma in the second quarter worth $29,000. EntryPoint Capital LLC grew its holdings in shares of Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Clean Yield Group acquired a new position in Williams-Sonoma during the third quarter valued at $30,000. Finally, HM Payson & Co. boosted its position in Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 100 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on WSM shares. Evercore ISI decreased their price target on shares of Williams-Sonoma from $155.00 to $135.00 and set an "in-line" rating for the company in a report on Wednesday, August 7th. Telsey Advisory Group restated an "outperform" rating and set a $165.00 price target on shares of Williams-Sonoma in a report on Friday. Wedbush lowered Williams-Sonoma from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Citigroup lowered their target price on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Finally, TD Cowen raised 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. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $139.47.

Insider Buying and Selling at Williams-Sonoma

In related news, 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 value of $5,810,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,030,956 shares of the company's stock, valued at $149,766,978.12. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 sale, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. This represents a 42.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Williams-Sonoma Price Performance

NYSE:WSM traded down $0.17 during midday trading on Friday, reaching $130.65. The stock had a trading volume of 1,885,321 shares, compared to its average volume of 1,857,123. The stock has a market capitalization of $16.51 billion, a P/E ratio of 15.69, a PEG ratio of 2.57 and a beta of 1.76. Williams-Sonoma, Inc. has a 1-year low of $80.49 and a 1-year high of $174.26. The firm's fifty day simple moving average is $141.35 and its 200-day simple moving average is $144.50.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company earned $1.56 earnings per share. The business's quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, October 18th. Williams-Sonoma's payout ratio is currently 27.39%.

About Williams-Sonoma

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.