State of Alaska Department of Revenue Buys 9,085 Shares of Williams-Sonoma, Inc. (WSM)

State of Alaska Department of Revenue lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 94.5% during the third quarter, HoldingsChannel.com reports. The fund owned 18,695 shares of the specialty retailer’s stock after acquiring an additional 9,085 shares during the period. State of Alaska Department of Revenue’s holdings in Williams-Sonoma were worth $1,227,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Williams-Sonoma in the second quarter valued at $101,000. First Mercantile Trust Co. purchased a new position in Williams-Sonoma in the second quarter valued at $175,000. Enterprise Financial Services Corp purchased a new position in Williams-Sonoma in the second quarter valued at $177,000. Pillar Pacific Capital Management LLC purchased a new position in Williams-Sonoma in the second quarter valued at $209,000. Finally, Cim LLC purchased a new position in Williams-Sonoma in the second quarter valued at $259,000.

In other news, insider Janet Hayes sold 14,376 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the sale, the insider now owns 44,889 shares in the company, valued at $3,056,940.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Randolph King sold 24,323 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $68.88, for a total transaction of $1,675,368.24. Following the sale, the executive vice president now owns 17,589 shares of the company’s stock, valued at approximately $1,211,530.32. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

WSM has been the topic of several recent analyst reports. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Friday, July 20th. Argus set a $67.00 target price on Williams-Sonoma and gave the company a “buy” rating in a report on Friday, July 13th. ValuEngine raised Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Morgan Stanley increased their target price on Williams-Sonoma from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, August 23rd. Finally, Jefferies Financial Group set a $60.00 target price on Williams-Sonoma and gave the company a “hold” rating in a report on Tuesday, August 21st. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.23.

Shares of WSM stock opened at $58.82 on Friday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.81 and a beta of 0.82. Williams-Sonoma, Inc. has a 1 year low of $44.01 and a 1 year high of $73.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 1.56.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.26 billion. Williams-Sonoma had a return on equity of 28.68% and a net margin of 4.84%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. Analysts predict that Williams-Sonoma, Inc. will post 4.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, October 25th. Williams-Sonoma’s payout ratio is 47.65%.

About Williams-Sonoma

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including 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, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, 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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