Victory Capital Management Inc. acquires 48,890 shares of Williams-Sonoma, Inc. (NYSE: WSM)



Victory Capital Management Inc. increased its equity stake in Williams-Sonoma, Inc. (NYSE: WSMGet a rating) by 35.1% during the first quarter, Participation channel reports. The fund held 188,255 shares of the specialty retailer after buying an additional 48,890 shares during the period. Victory Capital Management Inc.’s holdings in Williams-Sonoma were worth $24,564,000 at the end of the most recent period.

A number of other big investors also bought and sold shares of the company. MAI Capital Management increased its position in Williams-Sonoma by 0.5% during the fourth quarter. MAI Capital Management now owns 12,234 shares of the specialty retailer worth $2,069,000 after acquiring 65 additional shares in the last quarter. Albion Financial Group UT increased its position in Williams-Sonoma by 1.0% in the 4th quarter. Albion Financial Group UT now owns 8,109 shares of the specialty retailer valued at $1,371,000 after buying 79 additional shares in the last quarter. Pinnacle Associates Ltd. increased its position in Williams-Sonoma by 3.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,605 shares of the specialty retailer valued at $441,000 after buying an additional 80 shares in the last quarter. National Asset Management Inc. increased its position in Williams-Sonoma by 3.2% in the fourth quarter. National Asset Management Inc. now owns 2,639 shares of the specialty retailer valued at $447,000 after buying 81 additional shares in the last quarter. Finally, CWM LLC strengthened its position in Williams-Sonoma by 42.5% in the 1st quarter. CWM LLC now owns 285 shares of the specialty retailer valued at $41,000 after buying an additional 85 shares in the last quarter. 99.66% of the shares are currently held by institutional investors.

Wall Street analysts predict growth

A number of brokerages have commented on WSM. Citigroup reduced its price target on Williams-Sonoma from $168.00 to $138.00 in a Friday, May 13 research report. Morgan Stanley cut its price target on Williams-Sonoma from $152.00 to $140.00 and set an “equal weight” rating on the stock in a Wednesday, July 20 research report. Goldman Sachs Group lowered its price target on Williams-Sonoma from $121.00 to $100.00 and placed a “sell” rating on the stock in a Thursday, June 23 research report. Barclays lowered its price target on Williams-Sonoma from $186.00 to $173.00 and set an “overweight” rating on the stock in a Friday May 27 research report. Finally, UBS Group reduced its price target on Williams-Sonoma from $140.00 to $100.00 and placed a “sell” rating on the stock in a Tuesday, May 24 research note. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating for the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $153.69.

Williams-Sonoma trades up 2.3%

Shares of Williams Sonoma Stock opened at $144.69 on Thursday. The company has a market capitalization of $9.95 billion, a PE ratio of 9.39, a PEG ratio of 1.59 and a beta of 1.63. Williams-Sonoma, Inc. has a 12-month low of $101.58 and a 12-month high of $223.32. The stock’s fifty-day simple moving average is $127.55 and its 200-day simple moving average is $138.13.

Williams-Sonoma (NYSE: WSMGet a rating) last released its quarterly earnings data on Wednesday, May 25. The specialty retailer reported EPS of $3.50 for the quarter, beating the consensus estimate of $2.99 ​​by $0.51. The company posted revenue of $1.89 billion for the quarter, versus a consensus estimate of $1.81 billion. Williams-Sonoma had a return on equity of 76.64% and a net margin of 13.74%. The company’s revenue increased by 8.1% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $2.93. Analysts predict that Williams-Sonoma, Inc. will post EPS of 16.08 for the current fiscal year.

Williams-Sonoma announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26. Shareholders of record on Friday, July 22 will receive a dividend of $0.78. This represents an annualized dividend of $3.12 and a dividend yield of 2.16%. The ex-dividend date is Thursday July 21. Williams-Sonoma’s dividend payout ratio is 20.25%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, an insider ryan ross sold 10,400 Williams-Sonoma shares in a trade dated Monday, June 6. The stock was sold at an average price of $127.42, for a total value of $1,325,168.00. Following the sale, the insider now owns 21,269 shares of the company, valued at approximately $2,710,095.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. In other news, CFO Julie Whalen sold 5,000 shares of the company in a transaction dated Friday, July 29. The stock was sold at an average price of $140.66, for a total value of $703,300.00. Following the completion of the transaction, the CFO now owns 96,239 shares of the company, valued at approximately $13,536,977.74. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this hyperlink. Also, insider ryan ross sold 10,400 shares of the company in a transaction dated Monday, June 6. The shares were sold at an average price of $127.42, for a total value of $1,325,168.00. Following the completion of the transaction, the insider now owns 21,269 shares of the company, valued at approximately $2,710,095.98. Disclosure of this sale can be found here. Insiders sold 20,400 shares of the company valued at $2,678,468 in the past 90 days. 1.70% of the shares are currently held by insiders of the company.

Williams-Sonoma Company Profile

(Get a rating)

Williams-Sonoma, Inc. operates as an omnichannel specialty retailer of various home products. It offers kitchen, dining and entertainment products, such as cookware, tools, electrical appliances, cutlery, tables and bars, outdoor furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the brand. lifestyle brand Williams Sonoma; and furniture, bedding, lighting, rugs, tableware 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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