Prime Capital Investment Advisors LLC Makes New $1.59 Million Investment in Williams-Sonoma, Inc. (NYSE:WSM)

Prime Capital Investment Advisors LLC purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,402 shares of the specialty retailer’s stock, valued at approximately $1,591,000.

A number of other large investors have also recently made changes to their positions in WSM. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Williams-Sonoma by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,878 shares of the specialty retailer’s stock valued at $967,000 after buying an additional 155 shares in the last quarter. San Francisco Sentry Investment Group CA grew its stake in shares of Williams-Sonoma by 2.9% in the second quarter. San Francisco Sentry Investment Group CA now owns 5,705 shares of the specialty retailer’s stock valued at $371,000 after buying an additional 160 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its stake in shares of Williams-Sonoma by 1.8% in the third quarter. Shulman DeMeo Asset Management LLC now owns 9,128 shares of the specialty retailer’s stock valued at $621,000 after buying an additional 164 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Williams-Sonoma by 5.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,269 shares of the specialty retailer’s stock valued at $213,000 after buying an additional 178 shares in the last quarter. Finally, Vision Capital Management Inc. grew its stake in shares of Williams-Sonoma by 1.0% in the second quarter. Vision Capital Management Inc. now owns 19,793 shares of the specialty retailer’s stock valued at $1,287,000 after buying an additional 195 shares in the last quarter.

NYSE WSM traded down $1.02 during mid-day trading on Tuesday, reaching $70.35. 48,653 shares of the company’s stock traded hands, compared to its average volume of 959,956. Williams-Sonoma, Inc. has a 1-year low of $45.01 and a 1-year high of $71.63. The company has a fifty day simple moving average of $67.84 and a 200-day simple moving average of $63.43. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.53 and a beta of 0.89.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.77 EPS. Williams-Sonoma’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Williams-Sonoma, Inc. will post 4.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, October 24th. Williams-Sonoma’s dividend payout ratio is presently 43.05%.

In other Williams-Sonoma news, CEO Laura Alber sold 35,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $70.57, for a total transaction of $2,469,950.00. Following the transaction, the chief executive officer now owns 411,861 shares of the company’s stock, valued at approximately $29,065,030.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alex Bellos sold 4,820 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $65.25, for a total value of $314,505.00. Following the transaction, the insider now directly owns 8,177 shares in the company, valued at approximately $533,549.25. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of equities research analysts have recently issued reports on WSM shares. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, September 23rd. Telsey Advisory Group increased their target price on Williams-Sonoma from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, August 29th. KeyCorp reiterated a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th. Robert W. Baird raised their price objective on Williams-Sonoma from $58.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Goldman Sachs Group set a $76.00 price objective on Williams-Sonoma and gave the company a “buy” rating in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $63.32.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, 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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