Roanoke Asset Management Corp NY Buys 950 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Roanoke Asset Management Corp NY lifted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the specialty retailer’s stock after purchasing an additional 950 shares during the quarter. Roanoke Asset Management Corp NY’s holdings in Williams-Sonoma were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WSM. Quest Partners LLC acquired a new stake in shares of Williams-Sonoma during the second quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in shares of Williams-Sonoma during the second quarter worth about $29,000. EntryPoint Capital LLC raised its position in shares of Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 78 shares during the period. Clean Yield Group acquired a new stake in shares of Williams-Sonoma during the third quarter worth about $30,000. Finally, HM Payson & Co. raised its position in Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling at Williams-Sonoma

In related 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 at the SEC website. In related 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 at the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of the company’s 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 sale, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. The trade was a 0.00 % 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 1.4 %

NYSE WSM opened at $132.28 on Friday. The business’s 50-day moving average price is $141.64 and its two-hundred day moving average price is $145.18. Williams-Sonoma, Inc. has a 12 month low of $71.92 and a 12 month high of $174.26. The firm has a market capitalization of $16.71 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.63 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating 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 analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The business’s revenue was down 4.0% on a year-over-year basis. As a group, analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.72%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada dropped their target price on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Wells Fargo & Company dropped their target price on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Robert W. Baird dropped their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $165.00 price target on shares of Williams-Sonoma in a research note on Friday, October 11th. Finally, Barclays reduced their target price on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $139.83.

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.