Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. grew its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 94.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,436 shares of the specialty retailer's stock after acquiring an additional 78,921 shares during the quarter. Williams-Sonoma comprises 4.9% of Mcrae Capital Management Inc.'s portfolio, making the stock its 5th biggest position. Mcrae Capital Management Inc. owned about 0.13% of Williams-Sonoma worth $25,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC purchased a new position in Williams-Sonoma in the second quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in shares of Williams-Sonoma during the 2nd quarter valued at $29,000. EntryPoint Capital LLC boosted its position in Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 78 shares during the period. Clean Yield Group purchased a new stake in Williams-Sonoma during the 3rd quarter worth $30,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Williams-Sonoma in the 2nd quarter valued at $33,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on WSM. TD Cowen boosted their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. Jefferies Financial Group raised Williams-Sonoma from a "hold" rating to a "buy" rating and boosted their price target for the stock from $148.00 to $156.00 in a research report on Wednesday, September 11th. 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 report on Monday, August 19th. Barclays reduced their target price on shares of Williams-Sonoma from $232.00 to $116.00 and set an "underweight" rating on the stock in a research report on Friday, August 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Williams-Sonoma from $150.00 to $147.00 and set an "outperform" rating for the company in a research note on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $140.83.

Williams-Sonoma Trading Down 2.0 %

WSM traded down $2.76 on Friday, hitting $134.76. 1,617,431 shares of the company's stock were exchanged, compared to its average volume of 1,913,047. The stock has a fifty day moving average of $142.20 and a two-hundred day moving average of $145.63. Williams-Sonoma, Inc. has a twelve month low of $71.56 and a twelve month high of $174.26. The firm has a market cap of $17.03 billion, a PE ratio of 16.19, a P/E/G ratio of 2.75 and a beta of 1.74.

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

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a yield of 1.69%. Williams-Sonoma's dividend payout ratio is presently 27.39%.

Insider Buying and Selling at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,030,956 shares of the company's stock, valued at approximately $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the completion of the transaction, the chief executive officer now owns 1,030,956 shares of the company's stock, valued at $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.