Focus Financial Network Inc. Invests $203,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Focus Financial Network Inc. purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,310 shares of the specialty retailer’s stock, valued at approximately $203,000.

A number of other large investors also recently bought and sold shares of the business. Quest Partners LLC acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth approximately $26,000. Crewe Advisors LLC acquired a new position in Williams-Sonoma during the second quarter worth $29,000. EntryPoint Capital LLC lifted its holdings in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares in 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, HM Payson & Co. increased its stake in shares of Williams-Sonoma by 100.0% during the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $135.21 on Tuesday. The stock has a 50 day moving average of $141.65 and a 200 day moving average of $145.21. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.63 and a beta of 1.76. Williams-Sonoma, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $174.26.

Williams-Sonoma (NYSE:WSM) last issued 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. Williams-Sonoma’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. Analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.69%. Williams-Sonoma’s dividend payout ratio is currently 27.40%.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $165.00 price objective on shares of Williams-Sonoma in a report on Friday, October 11th. Royal Bank of Canada lowered 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. Barclays reduced their price objective 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. Wedbush cut shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $135.00 in a research note on Wednesday, October 30th. Finally, TD Cowen increased their target price on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $139.83.

Insider Activity

In related 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 completion of the transaction, the executive vice president now directly owns 15,150 shares in the company, valued at $2,040,099. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Karalyn Smith sold 11,100 shares of the company’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 transaction of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Williams-Sonoma 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.