Huntington National Bank Has $120,000 Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Huntington National Bank lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 64.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 773 shares of the specialty retailer’s stock after acquiring an additional 303 shares during the period. Huntington National Bank’s holdings in Williams-Sonoma were worth $120,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. KBC Group NV grew its position in shares of Williams-Sonoma by 659.6% in the 3rd quarter. KBC Group NV now owns 531,304 shares of the specialty retailer’s stock valued at $82,309,000 after acquiring an additional 461,361 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock valued at $1,167,000 after purchasing an additional 4,901 shares during the last quarter. Chase Investment Counsel Corp lifted its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Chase Investment Counsel Corp now owns 12,000 shares of the specialty retailer’s stock valued at $1,859,000 after purchasing an additional 6,000 shares during the last quarter. Community Bank & Trust Waco Texas grew its holdings in Williams-Sonoma by 93.2% during the third quarter. Community Bank & Trust Waco Texas now owns 1,420 shares of the specialty retailer’s stock worth $220,000 after purchasing an additional 685 shares during the period. Finally, Victory Capital Management Inc. increased its position in Williams-Sonoma by 31.7% during the third quarter. Victory Capital Management Inc. now owns 186,605 shares of the specialty retailer’s stock worth $28,909,000 after buying an additional 44,911 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on WSM shares. TD Cowen raised their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Barclays cut their price target on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $165.00 price objective on shares of Williams-Sonoma in a report on Friday. Evercore ISI cut 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. Finally, Wells Fargo & Company reduced their target price on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $139.47.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the 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 of the company’s stock, valued at $149,766,978.12. This represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. The trade was a 42.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Performance

WSM opened at $130.65 on Monday. Williams-Sonoma, Inc. has a 52-week low of $80.49 and a 52-week high of $174.26. The firm has a market cap of $16.51 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 2.57 and a beta of 1.76. The business’s fifty day moving average is $141.35 and its 200-day moving average is $144.50.

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

Williams-Sonoma Announces Dividend

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