Savvy Advisors Inc. acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the third quarter, HoldingsChannel reports. The firm acquired 1,407 shares of the specialty retailer’s stock, valued at approximately $218,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Williams-Sonoma by 110.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,846 shares of the specialty retailer’s stock valued at $37,932,000 after purchasing an additional 128,523 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Williams-Sonoma in the 3rd quarter valued at $826,000. Entropy Technologies LP acquired a new stake in Williams-Sonoma during the 3rd quarter worth $883,000. Jeppson Wealth Management LLC lifted its position in Williams-Sonoma by 97.4% in the third quarter. Jeppson Wealth Management LLC now owns 3,024 shares of the specialty retailer’s stock valued at $468,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Williams-Sonoma by 56.3% in the third quarter. Venturi Wealth Management LLC now owns 6,888 shares of the specialty retailer’s stock valued at $1,067,000 after acquiring an additional 2,481 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.
Williams-Sonoma Price Performance
Williams-Sonoma stock opened at $129.54 on Thursday. The stock’s 50 day moving average price is $141.34 and its 200 day moving average price is $144.79. The company has a market cap of $16.37 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.54 and a beta of 1.76. Williams-Sonoma, Inc. has a 1-year low of $76.19 and a 1-year high of $174.26.
Williams-Sonoma Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.76%. Williams-Sonoma’s payout ratio is 27.39%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on WSM. Wells Fargo & Company decreased their target price on 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. Jefferies Financial Group raised 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 report on Wednesday, September 11th. Citigroup decreased their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. 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 research note on Friday, August 23rd. Finally, Evercore ISI decreased their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $139.47.
Read Our Latest Stock Report on WSM
Insider Transactions at Williams-Sonoma
In related news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Karalyn Smith sold 11,100 shares of the 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 sale, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
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.
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