ORG Wealth Partners LLC Makes New $34,000 Investment in Williams-Sonoma, Inc. (NYSE:WSM)

ORG Wealth Partners LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 220 shares of the specialty retailer’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in Williams-Sonoma in the second quarter valued at $26,000. Crewe Advisors LLC bought a new position in shares of Williams-Sonoma during the second quarter worth about $29,000. EntryPoint Capital LLC lifted its stake 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 worth $30,000 after acquiring an additional 78 shares during the period. Clean Yield Group bought a new stake in Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Williams-Sonoma during the 1st quarter valued at approximately $32,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Karalyn Smith sold 11,100 shares of the business’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 transaction, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents 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 currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WSM. Evercore ISI dropped their price target on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. TD Cowen increased 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. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and boosted their price objective for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Barclays decreased their target price on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Finally, Royal Bank of Canada dropped their price target on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.83.

Williams-Sonoma Stock Performance

Shares of WSM opened at $148.13 on Wednesday. The firm has a market capitalization of $19.05 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.78 and a beta of 1.74. Williams-Sonoma, Inc. has a 52 week low of $71.56 and a 52 week high of $174.26. The stock has a 50 day moving average price of $142.01 and a two-hundred day moving average price of $146.35.

Williams-Sonoma (NYSE:WSM) last released 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. The business 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%. Williams-Sonoma’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 7.99 earnings per share for the current year.

Williams-Sonoma Announces Dividend

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

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.