Optimum Investment Advisors lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 62.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,300 shares of the specialty retailer’s stock after purchasing an additional 500 shares during the quarter. Optimum Investment Advisors’ holdings in Williams-Sonoma were worth $88,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WSM. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Williams-Sonoma by 125.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,472,015 shares of the specialty retailer’s stock worth $95,681,000 after purchasing an additional 818,015 shares during the period. Balyasny Asset Management LLC bought a new position in Williams-Sonoma in the second quarter valued at $39,062,000. Nuveen Asset Management LLC increased its stake in Williams-Sonoma by 896.2% in the second quarter. Nuveen Asset Management LLC now owns 640,031 shares of the specialty retailer’s stock valued at $41,602,000 after acquiring an additional 575,781 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in Williams-Sonoma by 660.7% in the second quarter. Clark Capital Management Group Inc. now owns 355,103 shares of the specialty retailer’s stock valued at $23,082,000 after acquiring an additional 308,422 shares during the last quarter. Finally, AXA increased its stake in Williams-Sonoma by 1,415.6% in the second quarter. AXA now owns 242,500 shares of the specialty retailer’s stock valued at $15,763,000 after acquiring an additional 226,500 shares during the last quarter.

In other news, insider Alex Bellos sold 4,820 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $65.25, for a total transaction of $314,505.00. Following the transaction, the insider now directly owns 8,177 shares of the company’s stock, valued at $533,549.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

WSM has been the topic of a number of research analyst reports. Raymond James reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th. KeyCorp reissued a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th. Wedbush set a $63.00 target price on Williams-Sonoma and gave the company a “hold” rating in a research note on Thursday, August 29th. UBS Group increased their target price on Williams-Sonoma from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Robert W. Baird increased their target price on Williams-Sonoma from $58.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $63.32.

Shares of NYSE:WSM opened at $69.26 on Monday. The stock’s 50-day moving average price is $66.58 and its 200-day moving average price is $62.22. Williams-Sonoma, Inc. has a 12-month low of $45.01 and a 12-month high of $71.18. The stock has a market capitalization of $5.48 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Williams-Sonoma, Inc. will post 4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.77%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 43.05%.

Williams-Sonoma Profile

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.

Further Reading: Diversification Important in Investing

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

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