Concord Wealth Partners Has $3.79 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

Concord Wealth Partners increased its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 117.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,469 shares of the specialty retailer's stock after acquiring an additional 13,197 shares during the period. Concord Wealth Partners' holdings in Williams-Sonoma were worth $3,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WSM. Pacer Advisors Inc. boosted its stake in Williams-Sonoma by 28.6% in the 2nd quarter. Pacer Advisors Inc. now owns 964,910 shares of the specialty retailer's stock worth $272,462,000 after purchasing an additional 214,669 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Williams-Sonoma by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 823,692 shares of the specialty retailer's stock worth $232,613,000 after buying an additional 43,607 shares in the last quarter. Captrust Financial Advisors raised its position in Williams-Sonoma by 37.5% in the 1st quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer's stock worth $223,833,000 after buying an additional 192,432 shares during the last quarter. Boston Trust Walden Corp raised its position in Williams-Sonoma by 64.3% in the 3rd quarter. Boston Trust Walden Corp now owns 442,815 shares of the specialty retailer's stock worth $68,601,000 after buying an additional 173,223 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Williams-Sonoma by 536.3% in the second quarter. Renaissance Technologies LLC now owns 383,700 shares of the specialty retailer's stock worth $108,345,000 after acquiring an additional 323,400 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams-Sonoma

In related news, 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 transaction of $1,494,726.00. Following the completion of the transaction, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated 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 directly owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WSM. Jefferies Financial Group raised Williams-Sonoma from a "hold" rating to a "buy" rating and raised their target price for the stock from $148.00 to $156.00 in a research report on Wednesday, September 11th. Robert W. Baird cut their target price on shares of Williams-Sonoma from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, August 23rd. Barclays decreased their price target 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. Evercore ISI lowered their target price on Williams-Sonoma from $155.00 to $135.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen increased their price objective 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.83.

Williams-Sonoma Trading Down 1.6 %

Williams-Sonoma stock traded down $2.21 on Monday, reaching $132.55. 1,776,361 shares of the stock were exchanged, compared to its average volume of 1,912,390. The firm has a fifty day moving average price of $142.20 and a two-hundred day moving average price of $145.62. The stock has a market cap of $16.75 billion, a PE ratio of 16.08, a PEG ratio of 2.65 and a beta of 1.74. Williams-Sonoma, Inc. has a twelve month low of $71.92 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.56 EPS. Williams-Sonoma's quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Williams-Sonoma, Inc. will post 7.99 EPS 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 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 1.72%. Williams-Sonoma's payout ratio is presently 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.