PKS Advisory Services LLC Makes New $842,000 Investment in Williams-Sonoma, Inc. (NYSE:WSM)

PKS Advisory Services LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,545 shares of the specialty retailer's stock, valued at approximately $842,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in Williams-Sonoma by 94.7% during the third quarter. Thrivent Financial for Lutherans now owns 30,454 shares of the specialty retailer's stock worth $4,718,000 after purchasing an additional 14,816 shares during the last quarter. First Horizon Advisors Inc. increased its position in Williams-Sonoma by 94.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 448 shares of the specialty retailer's stock valued at $69,000 after acquiring an additional 218 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Williams-Sonoma by 98.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,355 shares of the specialty retailer's stock valued at $129,103,000 after purchasing an additional 413,226 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Williams-Sonoma during the 3rd quarter valued at about $4,833,000. Finally, Raymond James Trust N.A. raised its position in shares of Williams-Sonoma by 54.9% during the 3rd quarter. Raymond James Trust N.A. now owns 4,570 shares of the specialty retailer's stock worth $708,000 after buying an additional 1,619 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

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Williams-Sonoma Trading Down 3.4 %

NYSE WSM traded down $5.67 during trading on Friday, hitting $158.75. The company had a trading volume of 2,284,175 shares, compared to its average volume of 1,983,486. The company's fifty day moving average is $193.93 and its 200-day moving average is $173.54. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.28 EPS for the quarter, beating the consensus estimate of $2.88 by $0.40. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm posted $5.44 EPS. Williams-Sonoma's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, May 24th. Investors of record on Thursday, April 17th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.66%. This is an increase from Williams-Sonoma's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, April 17th. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.30%.

Wall Street Analyst Weigh In

WSM has been the topic of several research reports. Gordon Haskett raised Williams-Sonoma to a "hold" rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. UBS Group upgraded Williams-Sonoma from a "sell" rating to a "neutral" rating and increased their price target for the company from $140.00 to $165.00 in a report on Thursday, March 20th. Finally, Jefferies Financial Group cut their price objective on Williams-Sonoma from $226.00 to $208.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $177.93.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $165.78, for a total transaction of $4,973,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,018,374 shares in the company, valued at $168,826,041.72. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 36,312 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $165.79, for a total transaction of $6,020,166.48. Following the sale, the chief financial officer now directly owns 46,388 shares of the company's stock, valued at $7,690,666.52. The trade was a 43.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,720 shares of company stock valued at $20,616,369. 1.50% of the stock is owned by insiders.

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.