Patten & Patten Inc. TN Cuts Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Patten & Patten Inc. TN lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,507 shares of the specialty retailer’s stock after selling 450 shares during the period. Patten & Patten Inc. TN’s holdings in Williams-Sonoma were worth $506,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Quent Capital LLC grew its holdings in Williams-Sonoma by 27.8% during the 4th quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock worth $60,000 after acquiring an additional 65 shares in the last quarter. JGP Wealth Management LLC grew its holdings in Williams-Sonoma by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock worth $1,155,000 after acquiring an additional 69 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Williams-Sonoma by 2.1% during the 3rd quarter. WINTON GROUP Ltd now owns 3,413 shares of the specialty retailer’s stock worth $530,000 after acquiring an additional 71 shares in the last quarter. Cooper Financial Group grew its holdings in Williams-Sonoma by 2.9% during the 3rd quarter. Cooper Financial Group now owns 2,643 shares of the specialty retailer’s stock worth $411,000 after acquiring an additional 74 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in Williams-Sonoma by 3.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,382 shares of the specialty retailer’s stock worth $370,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Activity

In other news, CEO Marta Benson sold 2,184 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total transaction of $685,732.32. Following the sale, the chief executive officer now owns 48,364 shares in the company, valued at $15,185,328.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Marta Benson sold 2,184 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total transaction of $685,732.32. Following the transaction, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 43,329 shares of company stock worth $10,729,906 over the last 90 days. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WSM. Barclays raised their price objective on shares of Williams-Sonoma from $146.00 to $232.00 and gave the stock an “underweight” rating in a report on Friday, March 15th. Telsey Advisory Group raised their price target on shares of Williams-Sonoma from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. StockNews.com upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen raised their price target on shares of Williams-Sonoma from $260.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, Loop Capital raised their price target on shares of Williams-Sonoma from $220.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $249.31.

Get Our Latest Research Report on Williams-Sonoma

Williams-Sonoma Stock Down 1.5 %

Williams-Sonoma stock opened at $310.22 on Wednesday. The firm has a 50-day moving average price of $246.01 and a two-hundred day moving average price of $200.83. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.65 and a beta of 1.70. Williams-Sonoma, Inc. has a 52-week low of $109.44 and a 52-week high of $319.78.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $5.50 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Research analysts expect that Williams-Sonoma, Inc. will post 15.37 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 19th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s payout ratio is currently 24.71%.

Williams-Sonoma Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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