Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 92.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,130 shares of the specialty retailer's stock after buying an additional 21,200 shares during the quarter. Pathstone Holdings LLC's holdings in Williams-Sonoma were worth $6,837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. EntryPoint Capital LLC raised its stake in shares of Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Williams-Sonoma in the second quarter valued at about $26,000. Crewe Advisors LLC bought a new position in Williams-Sonoma during the 2nd quarter worth about $29,000. Hobbs Group Advisors LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter valued at about $33,000. Finally, Cassady Schiller Wealth Management LLC lifted its position in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 83 shares during the period. 99.29% of the stock is owned by institutional investors.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 15,150 shares of the company's stock, valued at approximately $2,040,099. This trade represents a 42.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,100 shares of company stock worth $12,525,126 in the last 90 days. Corporate insiders own 1.50% of the company's stock.

Williams-Sonoma Price Performance

NYSE:WSM traded down $0.51 during trading hours on Friday, reaching $171.98. The company had a trading volume of 2,481,573 shares, compared to its average volume of 2,524,500. Williams-Sonoma, Inc. has a 1-year low of $90.31 and a 1-year high of $181.42. The business's 50 day moving average price is $143.63 and its 200-day moving average price is $144.87. The firm has a market cap of $21.73 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 3.33 and a beta of 1.76.

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 analysts' consensus estimates of $1.61 by $0.13. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 earnings per share. On average, analysts expect that Williams-Sonoma, Inc. will post 8.13 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were paid a $0.57 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Williams-Sonoma's dividend payout ratio is presently 26.97%.

Wall Street Analyst Weigh In

WSM has been the subject of a number of recent research reports. Citigroup reduced their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Wedbush lifted their target price on Williams-Sonoma from $135.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday. Evercore ISI increased their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an "in-line" rating in a research report on Thursday. Loop Capital boosted their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Telsey Advisory Group raised their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Williams-Sonoma presently has a consensus rating of "Hold" and an average target price of $154.41.

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.