Creekside Partners Has $443,000 Position in Williams-Sonoma, Inc. (NYSE:WSM)

Creekside Partners boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,860 shares of the specialty retailer’s stock after buying an additional 1,430 shares during the period. Creekside Partners’ holdings in Williams-Sonoma were worth $443,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. EntryPoint Capital LLC raised its holdings in Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 78 shares during the period. Quest Partners LLC acquired a new stake in Williams-Sonoma in the second quarter worth $26,000. Crewe Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter worth $29,000. Hobbs Group Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter worth $33,000. Finally, Cassady Schiller Wealth Management LLC raised its holdings in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction 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 approximately $149,766,978.12. The trade was a 3.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 91,100 shares of company stock valued at $12,525,126. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Price Performance

Shares of WSM opened at $175.04 on Thursday. The firm has a 50-day moving average of $141.53 and a 200-day moving average of $144.33. Williams-Sonoma, Inc. has a one year low of $88.63 and a one year high of $181.42. The company has a market cap of $22.11 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $1.56 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts expect that Williams-Sonoma, Inc. will post 7.95 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s payout ratio is 27.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WSM shares. Telsey Advisory Group restated an “outperform” rating and set a $165.00 price objective on shares of Williams-Sonoma in a report on Friday, November 15th. Royal Bank of Canada dropped their price objective on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Citigroup dropped their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Barclays dropped their price objective on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $138.84.

Williams-Sonoma Company Profile

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.