Navellier & Associates Inc. Buys 567 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Navellier & Associates Inc. grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,827 shares of the specialty retailer’s stock after buying an additional 567 shares during the quarter. Navellier & Associates Inc.’s holdings in Williams-Sonoma were worth $4,537,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WSM. Cambridge Investment Research Advisors Inc. grew its stake in shares of Williams-Sonoma by 3.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,275 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 158 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Williams-Sonoma by 96.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,409 shares of the specialty retailer’s stock worth $2,437,000 after purchasing an additional 7,085 shares during the last quarter. Raymond James & Associates grew its stake in shares of Williams-Sonoma by 39.8% in the fourth quarter. Raymond James & Associates now owns 58,427 shares of the specialty retailer’s stock worth $9,882,000 after purchasing an additional 16,622 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in Williams-Sonoma by 151.3% in the third quarter. Balyasny Asset Management LLC now owns 121,241 shares of the specialty retailer’s stock worth $21,500,000 after buying an additional 72,990 shares during the period. Finally, AGF Investments LLC lifted its holdings in Williams-Sonoma by 6.3% in the fourth quarter. AGF Investments LLC now owns 4,223 shares of the specialty retailer’s stock worth $714,000 after buying an additional 249 shares during the period. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WSM stock traded up $15.01 during mid-day trading on Thursday, reaching $129.99. 125,472 shares of the company’s stock traded hands, compared to its average volume of 1,437,898. Williams-Sonoma, Inc. has a 12 month low of $101.58 and a 12 month high of $223.32. The firm has a 50 day moving average price of $138.09 and a two-hundred day moving average price of $156.97. The firm has a market capitalization of $9.10 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.25 and a beta of 1.53.

Williams-Sonoma (NYSE:WSMGet Rating) last issued its quarterly earnings data on Wednesday, May 25th. The specialty retailer reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.60. Williams-Sonoma had a net margin of 13.66% and a return on equity of 73.38%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts anticipate that Williams-Sonoma, Inc. will post 15.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, April 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $3.12 annualized dividend and a yield of 2.40%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.71. Williams-Sonoma’s dividend payout ratio is currently 21.07%.

Several equities analysts have recently issued reports on the stock. Wedbush lowered their target price on shares of Williams-Sonoma to $155.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Zacks Investment Research lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a report on Friday, May 20th. Bank of America lowered their target price on shares of Williams-Sonoma from $164.00 to $132.00 and set an “underperform” rating for the company in a report on Wednesday, March 16th. Telsey Advisory Group lowered their target price on shares of Williams-Sonoma from $198.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, May 20th. Finally, Royal Bank of Canada lowered their target price on shares of Williams-Sonoma from $220.00 to $185.00 in a report on Thursday. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $163.63.

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $152.04, for a total value of $3,040,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sabrina Simmons sold 2,030 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $153.85, for a total transaction of $312,315.50. The disclosure for this sale can be found here. Insiders sold a total of 27,030 shares of company stock valued at $4,173,666 in the last ninety days. 1.60% of the stock is currently owned by insiders.

About Williams-Sonoma (Get Rating)

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.

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

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