MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $10.25 Million Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 75.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,134 shares of the specialty retailer’s stock after purchasing an additional 28,345 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Williams-Sonoma were worth $10,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WSM. Quest Partners LLC bought a new stake in shares of Williams-Sonoma in the second quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter worth approximately $29,000. EntryPoint Capital LLC grew its holdings in shares of Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Williams-Sonoma during the 3rd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Williams-Sonoma during the first quarter valued at approximately $32,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on WSM. Royal Bank of Canada decreased their price target on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their target price for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Wells Fargo & Company dropped their price target on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Williams-Sonoma in a report on Friday. Finally, TD Cowen upped their price objective on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $140.83.

Williams-Sonoma Price Performance

WSM opened at $144.35 on Monday. The stock has a market capitalization of $18.57 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.74. The company’s 50 day simple moving average is $141.59 and its 200-day simple moving average is $146.51. Williams-Sonoma, Inc. has a one year low of $71.56 and a one year high of $174.26.

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. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. As a group, analysts anticipate that Williams-Sonoma, Inc. will post 7.99 EPS for the current year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.58%. Williams-Sonoma’s payout ratio is 28.01%.

Insiders Place Their Bets

In other news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value of $1,494,726.00. Following the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total value of $1,494,726.00. Following the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction on Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.