Trading Report: The Alps Advisors Inc. decreases its position in Williams-Sonoma Inc. (WSM)

The Alps Advisors Inc. decreases its position in Williams-Sonoma Inc. (WSM)

Alps Advisors Inc. decreased its position in shares of Williams-Sonoma Inc. (NYSE:WSM) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 6,826 shares of the company’s stock after selling 504 shares during the period. Alps Advisors Inc.’s holdings in Williams-Sonoma were worth $356,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WSM. Lucus Advisors LLC purchased a new stake in Williams-Sonoma during the second quarter valued at about $343,000. American Century Companies Inc. boosted its stake in Williams-Sonoma by 36.9% in the second quarter. American Century Companies Inc. now owns 1,075,180 shares of the company’s stock valued at $56,049,000 after buying an additional 289,965 shares during the last quarter. Boston Advisors LLC boosted its stake in Williams-Sonoma by 361.4% in the second quarter. Boston Advisors LLC now owns 284,828 shares of the company’s stock valued at $14,848,000 after buying an additional 223,100 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Williams-Sonoma during the second quarter valued at about $573,000. Finally, HL Financial Services LLC purchased a new stake in Williams-Sonoma during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 96.59% of the company’s stock.

Williams-Sonoma Inc. (NYSE:WSM) traded up 0.41% during trading on Wednesday, reaching $48.97. 1,133,743 shares of the company’s stock traded hands. The stock has a market capitalization of $4.34 billion, a P/E ratio of 14.66 and a beta of 1.02. The stock has a 50-day moving average price of $51.01 and a 200 day moving average price of $53.44. Williams-Sonoma Inc. has a 1-year low of $47.33 and a 1-year high of $77.82.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. Williams-Sonoma’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. Equities research analysts expect that Williams-Sonoma Inc. will post $3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.02%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.

Several equities research analysts recently issued reports on WSM shares. Barclays PLC reiterated an “underweight” rating and issued a $45.00 price objective on shares of Williams-Sonoma in a report on Friday, August 12th. Nomura reiterated a “buy” rating and issued a $75.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 25th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, August 10th. Vetr upgraded Williams-Sonoma from a “buy” rating to a “strong-buy” rating and set a $57.91 price objective on the stock in a report on Tuesday, July 5th. Finally, Wedbush reiterated a “neutral” rating and issued a $53.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Williams-Sonoma presently has a consensus rating of “Hold” and a consensus target price of $59.70.

In other Williams-Sonoma news, CEO Laura Alber sold 80,000 shares of Williams-Sonoma stock in a transaction on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the transaction, the chief executive officer now owns 307,860 shares in the company, valued at approximately $16,375,073.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Janet Hayes sold 15,027 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total transaction of $747,442.98. Following the completion of the transaction, the insider now directly owns 32,776 shares in the company, valued at approximately $1,630,278.24. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

About Williams-Sonoma

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

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