Planned Solutions Inc. bought a new position in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 480 shares of the specialty retailer’s stock, valued at approximately $97,000.
A number of other hedge funds also recently added to or reduced their stakes in WSM. Loomis Sayles & Co. L P lifted its position in Williams-Sonoma by 129.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 106 shares during the last quarter. Denali Advisors LLC acquired a new stake in Williams-Sonoma in the 3rd quarter valued at approximately $32,000. Bessemer Group Inc. raised its stake in Williams-Sonoma by 863.6% during the 4th quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 190 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Williams-Sonoma by 820.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 205 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in Williams-Sonoma during the 4th quarter worth $54,000. 99.29% of the stock is currently owned by institutional investors.
Insider Activity
In other Williams-Sonoma news, EVP Karalyn Smith sold 1,145 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total transaction of $330,973.70. Following the transaction, the executive vice president now directly owns 6,966 shares of the company’s stock, valued at $2,013,591.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $283.74, for a total value of $5,674,800.00. Following the transaction, the chief executive officer now directly owns 505,509 shares in the company, valued at $143,433,123.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Karalyn Smith sold 1,145 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $289.06, for a total value of $330,973.70. Following the transaction, the executive vice president now owns 6,966 shares of the company’s stock, valued at $2,013,591.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,145 shares of company stock worth $10,044,174. 1.60% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on WSM
Williams-Sonoma Price Performance
NYSE WSM opened at $314.18 on Thursday. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.59 and a beta of 1.66. The company has a 50 day simple moving average of $237.47 and a 200-day simple moving average of $195.61. Williams-Sonoma, Inc. has a 52-week low of $109.44 and a 52-week high of $317.65.
Williams-Sonoma (NYSE:WSM – Get Free Report) last released its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $5.50 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that Williams-Sonoma, Inc. will post 15.37 EPS for the current year.
Williams-Sonoma Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 19th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.44%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, April 18th. Williams-Sonoma’s payout ratio is currently 24.71%.
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.
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