Avantax Advisory Services Inc. Invests $825,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Avantax Advisory Services Inc. acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the 1st quarter, Holdings Channel reports. The firm acquired 4,592 shares of the specialty retailer’s stock, valued at approximately $825,000.

Several other large investors have also modified their holdings of WSM. Twin Tree Management LP bought a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $39,000. Fifth Third Bancorp lifted its stake in shares of Williams-Sonoma by 116.8% in the 1st quarter. Fifth Third Bancorp now owns 297 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 160 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Williams-Sonoma in the 1st quarter worth approximately $56,000. Signaturefd LLC lifted its stake in shares of Williams-Sonoma by 62.8% in the 4th quarter. Signaturefd LLC now owns 568 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 219 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

In other news, CFO Julie Whalen sold 3,000 shares of Williams-Sonoma stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $164.25, for a total transaction of $492,750.00. Following the completion of the sale, the chief financial officer now directly owns 82,212 shares in the company, valued at $13,503,321. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex Bellos sold 27,500 shares of Williams-Sonoma stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $169.25, for a total value of $4,654,375.00. Following the sale, the insider now owns 13,781 shares of the company’s stock, valued at $2,332,434.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,607 shares of company stock valued at $16,080,792. 1.60% of the stock is owned by corporate insiders.

Several research firms recently issued reports on WSM. Argus increased their target price on shares of Williams-Sonoma from $185.00 to $205.00 in a report on Tuesday, April 6th. Cowen began coverage on shares of Williams-Sonoma in a report on Thursday, April 8th. They issued an “outperform” rating and a $214.00 target price for the company. Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Thursday, March 18th. Loop Capital increased their target price on shares of Williams-Sonoma from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, March 18th. Finally, Citigroup assumed coverage on shares of Williams-Sonoma in a report on Tuesday, March 9th. They issued a “neutral” rating and a $127.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $161.28.

WSM stock opened at $158.30 on Friday. The firm has a fifty day simple moving average of $169.12. Williams-Sonoma, Inc. has a fifty-two week low of $80.52 and a fifty-two week high of $194.69. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.62 and a beta of 1.68.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Tuesday, May 25th. The specialty retailer reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $1.10. Williams-Sonoma had a return on equity of 60.81% and a net margin of 11.97%. Sell-side analysts expect that Williams-Sonoma, Inc. will post 11.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Investors of record on Friday, July 23rd will be given a $0.59 dividend. The ex-dividend date of this dividend is Thursday, July 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 1.49%. Williams-Sonoma’s dividend payout ratio is presently 26.11%.

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 brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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