OLD National Bancorp IN Reduces Holdings in Williams-Sonoma, Inc. $WSM

OLD National Bancorp IN reduced its position in Williams-Sonoma, Inc. (NYSE:WSM) by 17.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,687 shares of the specialty retailer’s stock after selling 2,753 shares during the period. OLD National Bancorp IN’s holdings in Williams-Sonoma were worth $2,313,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Williams-Sonoma in the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp grew its position in shares of Williams-Sonoma by 51.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. MidFirst Bank acquired a new position in shares of Williams-Sonoma in the 4th quarter valued at $30,000. DV Equities LLC purchased a new stake in Williams-Sonoma in the 4th quarter valued at $31,000. Finally, Triumph Capital Management purchased a new stake in Williams-Sonoma in the 3rd quarter valued at $37,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WSM has been the topic of several research reports. Citigroup lowered their price objective on shares of Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Robert W. Baird decreased their target price on shares of Williams-Sonoma from $235.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. UBS Group raised their price target on Williams-Sonoma from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Royal Bank Of Canada set a $192.00 price target on Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, Argus set a $230.00 price objective on Williams-Sonoma in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.47.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $172.61, for a total value of $3,452,200.00. Following the sale, the chief executive officer owned 938,524 shares of the company’s stock, valued at approximately $161,998,627.64. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Howie sold 1,419 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $188.45, for a total value of $267,410.55. Following the completion of the transaction, the chief financial officer owned 34,138 shares of the company’s stock, valued at approximately $6,433,306.10. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 55,320 shares of company stock valued at $10,516,069. 1.10% of the stock is owned by insiders.

Williams-Sonoma Stock Down 0.4%

Shares of NYSE WSM opened at $239.02 on Friday. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. Williams-Sonoma, Inc. has a 52 week low of $161.63 and a 52 week high of $244.65. The firm has a 50-day moving average price of $200.25 and a 200 day moving average price of $197.22.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.13. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that Williams-Sonoma, Inc. will post 9.39 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 17th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 22.17%.

Williams-Sonoma Company Profile

Williams?Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi?brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher?end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.