Shulman DeMeo Asset Management LLC Has $2.21 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Shulman DeMeo Asset Management LLC raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 98.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,286 shares of the specialty retailer’s stock after purchasing an additional 7,082 shares during the quarter. Williams-Sonoma accounts for approximately 0.5% of Shulman DeMeo Asset Management LLC’s holdings, making the stock its 17th largest holding. Shulman DeMeo Asset Management LLC’s holdings in Williams-Sonoma were worth $2,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of Williams-Sonoma in the second quarter valued at about $26,000. Crewe Advisors LLC acquired a new stake in shares of Williams-Sonoma in the second quarter valued at about $29,000. EntryPoint Capital LLC increased its position in shares of Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Clean Yield Group acquired a new stake in shares of Williams-Sonoma in the third quarter valued at about $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Williams-Sonoma in the first quarter valued at about $32,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on WSM shares. TD Cowen lifted their price target on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $165.00 price target on shares of Williams-Sonoma in a report on Friday. Evercore ISI reduced their price target on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, Barclays reduced 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. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.83.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Laura Alber sold 40,000 shares of the business’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 of the company’s stock, valued at approximately $2,040,099. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Williams-Sonoma Stock Up 1.4 %

Shares of WSM stock traded up $2.00 during mid-day trading on Tuesday, reaching $148.12. 1,638,600 shares of the stock traded hands, compared to its average volume of 1,934,273. The stock’s fifty day simple moving average is $141.83 and its two-hundred day simple moving average is $146.42. Williams-Sonoma, Inc. has a 1-year low of $71.56 and a 1-year high of $174.26. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 2.78 and a beta of 1.74.

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

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.54%. Williams-Sonoma’s dividend payout ratio (DPR) is 28.01%.

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.