Mutual of America Capital Management LLC Purchases 27,469 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Mutual of America Capital Management LLC increased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 65.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,512 shares of the specialty retailer’s stock after purchasing an additional 27,469 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Williams-Sonoma were worth $10,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Novare Capital Management LLC grew its position in shares of Williams-Sonoma by 68.7% in the 3rd quarter. Novare Capital Management LLC now owns 10,145 shares of the specialty retailer’s stock worth $1,572,000 after buying an additional 4,132 shares during the last quarter. Raymond James & Associates increased its position in Williams-Sonoma by 105.0% during the 3rd quarter. Raymond James & Associates now owns 173,621 shares of the specialty retailer’s stock valued at $26,897,000 after purchasing an additional 88,936 shares during the period. Tilia Fiduciary Partners Inc. raised its holdings in Williams-Sonoma by 86.5% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 11,575 shares of the specialty retailer’s stock worth $1,793,000 after purchasing an additional 5,369 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. Chase Investment Counsel Corp now owns 12,000 shares of the specialty retailer’s stock worth $1,859,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Linscomb Wealth Inc. boosted its stake in shares of Williams-Sonoma by 94.1% during the 3rd quarter. Linscomb Wealth Inc. now owns 121,545 shares of the specialty retailer’s stock valued at $18,830,000 after purchasing an additional 58,921 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 0.1 %

Shares of WSM opened at $130.65 on Monday. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 2.57 and a beta of 1.76. The business’s fifty day simple moving average is $141.35 and its two-hundred day simple moving average is $144.50. Williams-Sonoma, Inc. has a 12 month low of $80.49 and a 12 month high of $174.26.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating the consensus estimate of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm posted $1.56 earnings per share. Williams-Sonoma’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.75%. Williams-Sonoma’s dividend payout ratio (DPR) is 27.39%.

Analyst Ratings Changes

WSM has been the subject of a number of research reports. Evercore ISI decreased their price target on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Citigroup lowered their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Williams-Sonoma in a research note on Friday. Robert W. Baird lowered their price objective on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $139.47.

Insider Activity at Williams-Sonoma

In other news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. The trade was a 42.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the completion of the sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

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 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.