Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by Legacy Bridge LLC

Legacy Bridge LLC increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 100.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,396 shares of the specialty retailer's stock after purchasing an additional 5,198 shares during the quarter. Legacy Bridge LLC's holdings in Williams-Sonoma were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Motley Fool Asset Management LLC grew its position in Williams-Sonoma by 4.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer's stock worth $389,000 after purchasing an additional 52 shares in the last quarter. Quent Capital LLC increased its stake in Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer's stock valued at $114,000 after purchasing an additional 59 shares in the last quarter. EntryPoint Capital LLC grew its position in 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 buying an additional 78 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of Williams-Sonoma by 2.6% in the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer's stock worth $500,000 after buying an additional 81 shares in the last quarter. Finally, TFG Advisers LLC increased its position in Williams-Sonoma by 3.1% during the second quarter. TFG Advisers LLC now owns 2,746 shares of the specialty retailer's stock valued at $776,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Price Performance

NYSE:WSM traded up $3.30 during trading hours on Tuesday, hitting $137.19. 1,912,479 shares of the company were exchanged, compared to its average volume of 1,924,191. The company's 50 day moving average price is $141.39 and its 200-day moving average price is $144.44. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.57 and a beta of 1.76. Williams-Sonoma, Inc. has a 52-week low of $88.24 and a 52-week high of $174.26.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.13. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. Williams-Sonoma's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, equities analysts predict that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.66%. Williams-Sonoma's payout ratio is 27.39%.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $165.00 price target on shares of Williams-Sonoma in a research note on Friday. Wedbush downgraded Williams-Sonoma from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $150.00 to $135.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Williams-Sonoma from $136.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wells Fargo & Company lowered their target price on Williams-Sonoma from $158.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Finally, Royal Bank of Canada decreased their price target on Williams-Sonoma from $150.00 to $147.00 and set an "outperform" rating on the stock in a research report on Friday, August 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of "Hold" and a consensus target price of $138.84.

Insider Activity

In other news, CEO Laura Alber sold 40,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now owns 990,956 shares of the company's stock, valued at $129,309,848.44. This represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Karalyn Smith sold 11,100 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 15,150 shares of the company's stock, valued at approximately $2,040,099. This represents a 42.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,100 shares of company stock valued at $12,525,126 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.