Regatta Capital Group LLC Grows Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Regatta Capital Group LLC lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 107.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,997 shares of the specialty retailer’s stock after acquiring an additional 13,444 shares during the period. Williams-Sonoma makes up 0.8% of Regatta Capital Group LLC’s portfolio, making the stock its 24th biggest position. Regatta Capital Group LLC’s holdings in Williams-Sonoma were worth $4,027,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gleason Group Inc. lifted its position in Williams-Sonoma by 0.4% during the 1st quarter. Gleason Group Inc. now owns 8,969 shares of the specialty retailer’s stock worth $2,848,000 after acquiring an additional 36 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Williams-Sonoma by 4.4% during the first quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after purchasing an additional 52 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Williams-Sonoma by 9.6% in the first quarter. Banque Cantonale Vaudoise now owns 617 shares of the specialty retailer’s stock valued at $196,000 after purchasing an additional 54 shares during the period. Quent Capital LLC grew its holdings in Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 59 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Williams-Sonoma by 12.6% during the 1st quarter. GAMMA Investing LLC now owns 634 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling at Williams-Sonoma

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

Williams-Sonoma Trading Up 1.4 %

Shares of NYSE WSM opened at $148.13 on Wednesday. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 2.87 and a beta of 1.74. The stock’s 50 day simple moving average is $142.01 and its 200 day simple moving average is $146.35. Williams-Sonoma, Inc. has a 12-month low of $71.56 and a 12-month high of $174.26.

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

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s dividend payout ratio (DPR) is 27.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company lowered their price objective on Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Evercore ISI cut their target price on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. Wedbush decreased their price target on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Finally, TD Cowen upped their price target on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.83.

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.