Diversify Advisory Services LLC Has $500,000 Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Diversify Advisory Services LLC boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,226 shares of the specialty retailer’s stock after buying an additional 81 shares during the period. Diversify Advisory Services LLC’s holdings in Williams-Sonoma were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WSM. Gateway Wealth Partners LLC increased its holdings in shares of Williams-Sonoma by 33.3% in the 3rd quarter. Gateway Wealth Partners LLC now owns 2,000 shares of the specialty retailer’s stock valued at $310,000 after purchasing an additional 500 shares during the period. abrdn plc grew its position in Williams-Sonoma by 105.7% during the third quarter. abrdn plc now owns 350,004 shares of the specialty retailer’s stock valued at $53,948,000 after purchasing an additional 179,819 shares in the last quarter. SFE Investment Counsel increased its stake in Williams-Sonoma by 100.6% in the 3rd quarter. SFE Investment Counsel now owns 40,195 shares of the specialty retailer’s stock valued at $6,227,000 after buying an additional 20,161 shares during the period. Smith Group Asset Management LLC lifted its position in Williams-Sonoma by 126.0% in the 3rd quarter. Smith Group Asset Management LLC now owns 5,310 shares of the specialty retailer’s stock worth $823,000 after buying an additional 2,960 shares in the last quarter. Finally, Hunter Associates Investment Management LLC lifted its position in Williams-Sonoma by 96.7% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 14,879 shares of the specialty retailer’s stock worth $2,302,000 after buying an additional 7,316 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Up 1.3 %

Shares of WSM stock opened at $134.13 on Friday. Williams-Sonoma, Inc. has a 12 month low of $71.92 and a 12 month high of $174.26. The firm has a market cap of $16.95 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 2.65 and a beta of 1.74. The stock has a 50 day moving average of $141.78 and a 200-day moving average of $145.27.

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

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a yield of 1.70%. Williams-Sonoma’s dividend payout ratio (DPR) is 27.40%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WSM. Robert W. Baird dropped their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Wells Fargo & Company cut their price target on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. TD Cowen lifted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Wedbush downgraded Williams-Sonoma from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $150.00 to $135.00 in a report on Wednesday. Finally, Evercore ISI reduced their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.83.

Insider Buying and Selling at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma 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 sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 16th. The shares were 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 approximately $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Williams-Sonoma Company 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.