Roanoke Asset Management Corp NY Has $294,000 Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Roanoke Asset Management Corp NY raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,900 shares of the specialty retailer’s stock after buying an additional 950 shares during the quarter. Roanoke Asset Management Corp NY’s holdings in Williams-Sonoma were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WSM. Renaissance Technologies LLC raised its stake in shares of Williams-Sonoma by 536.3% in the second quarter. Renaissance Technologies LLC now owns 383,700 shares of the specialty retailer’s stock worth $108,345,000 after purchasing an additional 323,400 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Williams-Sonoma by 28.6% in the second quarter. Pacer Advisors Inc. now owns 964,910 shares of the specialty retailer’s stock worth $272,462,000 after purchasing an additional 214,669 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Williams-Sonoma in the second quarter worth approximately $58,213,000. Captrust Financial Advisors increased its position in shares of Williams-Sonoma by 37.5% during the first quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer’s stock valued at $223,833,000 after acquiring an additional 192,432 shares during the last quarter. Finally, abrdn plc increased its position in shares of 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 acquiring an additional 179,819 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WSM shares. Robert W. Baird decreased their price target on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Royal Bank of Canada decreased their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company 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 report on Monday, September 16th. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and increased their price objective for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. Finally, Barclays reduced their price objective on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $139.83.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $132.28 on Friday. The firm has a market capitalization of $16.71 billion, a P/E ratio of 15.89, a PEG ratio of 2.63 and a beta of 1.76. Williams-Sonoma, Inc. has a one year low of $71.92 and a one year high of $174.26. The business has a fifty day moving average price of $141.64 and a 200-day moving average price of $145.18.

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

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors 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 1.72%. The ex-dividend date is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is 27.39%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm’s 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 owns 15,150 shares in the company, valued at $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.