Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Patten & Patten Inc. TN

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

A number of other hedge funds and other institutional investors have also made changes to their positions in WSM. Norges Bank bought a new stake in shares of Williams-Sonoma in the 4th quarter worth approximately $55,499,000. Holocene Advisors LP bought a new stake in shares of Williams-Sonoma in the 2nd quarter worth approximately $56,497,000. Steadfast Capital Management LP bought a new stake in shares of Williams-Sonoma in the 1st quarter worth approximately $50,715,000. First Trust Advisors LP raised its holdings in shares of Williams-Sonoma by 24.1% in the 1st quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after purchasing an additional 273,424 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Williams-Sonoma in the 1st quarter worth approximately $29,782,000. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Williams-Sonoma from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $154.00 to $263.00 in a report on Thursday, March 14th. Robert W. Baird boosted their price target on shares of Williams-Sonoma from $200.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Evercore ISI boosted their price target on shares of Williams-Sonoma from $300.00 to $320.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Bank of America boosted their price target on shares of Williams-Sonoma from $250.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Telsey Advisory Group boosted their price target on shares of Williams-Sonoma from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $249.31.

Get Our Latest Report on Williams-Sonoma

Insiders Place Their Bets

In other Williams-Sonoma 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 value of $685,732.32. Following the completion of the sale, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $201.92, for a total transaction of $4,038,400.00. Following the completion of the sale, the chief executive officer now directly owns 525,509 shares of the company’s stock, valued at approximately $106,110,777.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Marta Benson sold 2,184 shares of the company’s stock in a transaction 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 owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The disclosure for this sale can be found here. Insiders sold 43,329 shares of company stock valued at $10,729,906 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of WSM opened at $310.22 on Wednesday. The company’s 50 day moving average price is $246.01 and its 200 day moving average price is $200.83. Williams-Sonoma, Inc. has a 52 week low of $109.44 and a 52 week high of $319.78. The company has a market capitalization of $19.89 billion, a PE ratio of 21.29, a PEG ratio of 2.65 and a beta of 1.70.

Williams-Sonoma (NYSE:WSMGet Free Report) last posted its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, topping the consensus estimate of $5.06 by $0.38. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.50 earnings per share. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 15.37 earnings per share for the current fiscal 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 1.46%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, April 18th. 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.

Read More

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

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.