DT Investment Partners LLC Acquires 347 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

DT Investment Partners LLC grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 694 shares of the specialty retailer’s stock after purchasing an additional 347 shares during the quarter. DT Investment Partners LLC’s holdings in Williams-Sonoma were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WSM. Renaissance Technologies LLC boosted its position in Williams-Sonoma by 536.3% during the second quarter. Renaissance Technologies LLC now owns 383,700 shares of the specialty retailer’s stock valued at $108,345,000 after purchasing an additional 323,400 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Williams-Sonoma by 28.6% in the 2nd quarter. Pacer Advisors Inc. now owns 964,910 shares of the specialty retailer’s stock valued at $272,462,000 after buying an additional 214,669 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Williams-Sonoma in the 2nd quarter worth approximately $58,213,000. Captrust Financial Advisors raised its stake in shares of Williams-Sonoma by 37.5% during the 1st quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer’s stock worth $223,833,000 after acquiring an additional 192,432 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Williams-Sonoma by 73.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 380,383 shares of the specialty retailer’s stock valued at $107,409,000 after acquiring an additional 161,000 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 0.6 %

Shares of NYSE WSM opened at $137.54 on Friday. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.75 and a beta of 1.74. Williams-Sonoma, Inc. has a 12 month low of $71.56 and a 12 month high of $174.26. The company has a 50 day simple moving average of $142.27 and a two-hundred day simple moving average of $145.83.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. The company had revenue of $1.79 billion during 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 firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 earnings per share. Analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be paid a $0.57 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.66%. Williams-Sonoma’s payout ratio is 27.39%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction 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 approximately $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WSM shares. Robert W. Baird reduced their price target 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. TD Cowen increased their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Telsey Advisory Group restated an “outperform” rating and set a $165.00 price target on shares of Williams-Sonoma in a research note on Friday, October 11th. Evercore ISI cut their price objective on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush lowered their target price on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.83.

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.