Great Diamond Partners LLC Has $3.89 Million Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Great Diamond Partners LLC boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 76.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,119 shares of the specialty retailer's stock after acquiring an additional 10,918 shares during the quarter. Williams-Sonoma comprises about 1.0% of Great Diamond Partners LLC's investment portfolio, making the stock its 25th biggest holding. Great Diamond Partners LLC's holdings in Williams-Sonoma were worth $3,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC raised its position in Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Quest Partners LLC purchased a new position in Williams-Sonoma in the 2nd quarter worth about $26,000. Crewe Advisors LLC purchased a new position in Williams-Sonoma in the 2nd quarter worth about $29,000. Hobbs Group Advisors LLC purchased a new position in Williams-Sonoma in the 2nd quarter worth about $33,000. Finally, ORG Partners LLC purchased a new position in Williams-Sonoma in the 1st quarter worth about $45,000. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Laura Alber sold 40,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Karalyn Smith sold 11,100 shares of the business's stock in a transaction that occurred on 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laura Alber sold 40,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,030,956 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSM. Wedbush cut Williams-Sonoma from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $150.00 to $135.00 in a research note on Wednesday. Jefferies Financial Group raised Williams-Sonoma from a "hold" rating to a "buy" rating and lifted their price target for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Evercore ISI dropped their price target on Williams-Sonoma from $155.00 to $135.00 and set an "in-line" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada dropped their price target on Williams-Sonoma from $150.00 to $147.00 and set an "outperform" rating on the stock in a research note on Friday, August 23rd. Finally, TD Cowen lifted 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $139.83.

Williams-Sonoma Stock Performance

Shares of NYSE WSM traded down $0.07 during trading hours on Wednesday, hitting $132.40. The stock had a trading volume of 1,636,738 shares, compared to its average volume of 1,913,058. The company has a market capitalization of $16.73 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.65 and a beta of 1.74. The firm's 50-day moving average price is $141.71 and its two-hundred day moving average price is $145.35. Williams-Sonoma, Inc. has a 52 week low of $71.92 and a 52 week high of $174.26.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating the consensus estimate of $1.61 by $0.13. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The firm's quarterly 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, analysts expect that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

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 $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 1.72%. Williams-Sonoma's dividend payout ratio (DPR) is currently 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.