Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 40.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,851 shares of the specialty retailer’s stock after buying an additional 8,581 shares during the quarter. OLD National Bancorp IN’s holdings in Williams-Sonoma were worth $4,625,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Resonant Capital Advisors LLC grew its stake in Williams-Sonoma by 105.0% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,418 shares of the specialty retailer’s stock valued at $530,000 after acquiring an additional 1,751 shares in the last quarter. McBroom & Associates LLC lifted its stake in Williams-Sonoma by 100.0% in the 3rd quarter. McBroom & Associates LLC now owns 4,180 shares of the specialty retailer’s stock worth $648,000 after purchasing an additional 2,090 shares in the last quarter. Cahaba Wealth Management Inc. boosted its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 1,492 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 746 shares during the last quarter. Raymond James & Associates grew its position in shares of Williams-Sonoma by 105.0% in the third quarter. Raymond James & Associates now owns 173,621 shares of the specialty retailer’s stock valued at $26,897,000 after purchasing an additional 88,936 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in shares of Williams-Sonoma by 113.2% in the third quarter. First Citizens Bank & Trust Co. now owns 4,636 shares of the specialty retailer’s stock valued at $718,000 after purchasing an additional 2,462 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total value of $5,810,800.00. Following the completion of the transaction, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Williams-Sonoma Trading Up 1.2 %

Shares of NYSE WSM opened at $144.03 on Monday. The stock has a market capitalization of $18.20 billion, a PE ratio of 17.30, a PEG ratio of 2.83 and a beta of 1.74. Williams-Sonoma, Inc. has a twelve month low of $71.56 and a twelve month high of $174.26. The stock has a fifty day simple moving average of $142.39 and a 200-day simple moving average of $146.14.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.13. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. Williams-Sonoma’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. On average, equities analysts predict that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada lowered their price objective 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. Wedbush lowered their price target on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Wells Fargo & Company cut their price objective on shares of 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. Barclays reduced their target price on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Finally, Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and increased their price target for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $140.83.

Williams-Sonoma Profile

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.