Concord Asset Management LLC VA Has $4.05 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Concord Asset Management LLC VA lifted its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 129.7% during the third quarter, HoldingsChannel reports. The firm owned 26,128 shares of the specialty retailer’s stock after buying an additional 14,754 shares during the quarter. Concord Asset Management LLC VA’s holdings in Williams-Sonoma were worth $4,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC raised its stake in Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after buying an additional 78 shares during the period. Quest Partners LLC bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at approximately $29,000. Hobbs Group Advisors LLC bought a new stake in Williams-Sonoma during the 2nd quarter worth approximately $33,000. Finally, Cassady Schiller Wealth Management LLC raised its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WSM shares. Robert W. Baird reduced their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Wedbush lowered shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $150.00 to $135.00 in a research note on Wednesday, October 30th. Royal Bank of Canada dropped their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Wells Fargo & Company reduced their price objective on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their target price for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Three research 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 an average price target of $139.47.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the sale, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. The trade was a 42.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares in the company, valued at approximately $149,766,978.12. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Trading Down 0.1 %

Shares of WSM opened at $130.65 on Friday. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.57 and a beta of 1.76. The company’s fifty day simple moving average is $141.35 and its 200 day simple moving average is $144.50. Williams-Sonoma, Inc. has a 1-year low of $80.49 and a 1-year high of $174.26.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 18th. This represents a $2.28 annualized dividend and a yield of 1.75%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

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.