State of Alaska Department of Revenue Has $3.65 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

State of Alaska Department of Revenue lifted its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 43.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,559 shares of the specialty retailer's stock after acquiring an additional 7,172 shares during the quarter. State of Alaska Department of Revenue's holdings in Williams-Sonoma were worth $3,648,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quest Partners LLC acquired a new stake in Williams-Sonoma during the 2nd quarter worth $26,000. Crewe Advisors LLC bought a new stake in Williams-Sonoma in the second quarter valued at about $29,000. EntryPoint Capital LLC increased its holdings in Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Clean Yield Group bought a new stake in Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter worth $33,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on WSM shares. Jefferies Financial Group upgraded shares of Williams-Sonoma from a "hold" rating to a "buy" rating and upped their price objective for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Barclays cut their price objective on Williams-Sonoma from $232.00 to $116.00 and set an "underweight" rating on the stock in a report on Friday, August 23rd. Royal Bank of Canada lowered their target price on Williams-Sonoma from $150.00 to $147.00 and set an "outperform" rating for the company in a research note on Friday, August 23rd. Robert W. Baird lowered their target price on shares of Williams-Sonoma from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, August 23rd. Finally, TD Cowen lifted their price objective on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Williams-Sonoma has a consensus rating of "Hold" and a consensus price target of $139.83.

Insider Buying and Selling

In related news, 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 sale, the chief executive officer now owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Laura Alber sold 40,000 shares of the firm's stock in a transaction dated 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 sale, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Karalyn Smith sold 11,100 shares of the business's 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 transaction, the executive vice president now directly owns 15,150 shares of the company's stock, valued at approximately $2,040,099. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Williams-Sonoma Stock Performance

Shares of WSM stock traded up $1.70 on Thursday, hitting $134.13. The company's stock had a trading volume of 1,621,496 shares, compared to its average volume of 1,911,676. Williams-Sonoma, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $174.26. The company has a market capitalization of $16.95 billion, a PE ratio of 15.91, a PEG ratio of 2.65 and a beta of 1.74. The stock's 50 day moving average is $141.71 and its 200-day moving average is $145.35.

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 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 the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, October 18th. Williams-Sonoma's dividend payout ratio (DPR) 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.