Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC raised its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 102.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,639 shares of the specialty retailer's stock after buying an additional 4,886 shares during the quarter. JGP Wealth Management LLC's holdings in Williams-Sonoma were worth $1,493,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WSM. Quest Partners LLC acquired a new position in shares of Williams-Sonoma in the second quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in Williams-Sonoma in the 2nd quarter valued at $29,000. EntryPoint Capital LLC lifted its position in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock worth $30,000 after buying an additional 78 shares during the period. Clean Yield Group purchased a new position in Williams-Sonoma during the third quarter worth about $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Williams-Sonoma in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Up 1.8 %

Shares of NYSE WSM traded up $2.61 during trading on Friday, reaching $144.35. 1,395,213 shares of the stock were exchanged, compared to its average volume of 1,940,654. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 2.84 and a beta of 1.74. The business's 50-day moving average price is $141.50 and its 200 day moving average price is $146.72. Williams-Sonoma, Inc. has a twelve month low of $71.56 and a twelve month high of $174.26.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings data 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 firm 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%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. As a group, sell-side analysts expect that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.58%. Williams-Sonoma's dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WSM. TD Cowen upped their price objective on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, September 16th. Royal Bank of Canada decreased their price target on shares of Williams-Sonoma from $150.00 to $147.00 and set an "outperform" rating on the stock in a report on Friday, August 23rd. Wells Fargo & Company lowered their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an "equal weight" rating for the company in a research note on Monday, August 19th. Wedbush cut their target price on Williams-Sonoma from $175.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, August 23rd. Finally, Robert W. Baird lowered their price target on Williams-Sonoma from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, August 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $140.83.

Insiders Place Their Bets

In other news, CEO Laura Alber sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the completion of the sale, the chief executive officer now owns 1,070,956 shares of the company's stock, valued at approximately $167,551,066.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the transaction, the chief executive officer now owns 1,070,956 shares of the company's stock, valued at approximately $167,551,066.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction dated 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 owns 15,150 shares of the company's stock, valued at $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,100 shares of company stock worth $13,563,526 in the last three months. 1.50% of the stock is owned by insiders.

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.