2,403 Shares in Williams-Sonoma, Inc. (NYSE:WSM) Bought by Cynosure Group LLC

Cynosure Group LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the third quarter, HoldingsChannel.com reports. The firm bought 2,403 shares of the specialty retailer’s stock, valued at approximately $372,000.

Several other large investors also recently bought and sold shares of the company. Townsquare Capital LLC lifted its holdings in shares of Williams-Sonoma by 116.6% in the third quarter. Townsquare Capital LLC now owns 30,024 shares of the specialty retailer’s stock valued at $4,651,000 after purchasing an additional 16,162 shares in the last quarter. Cadence Bank increased its position in Williams-Sonoma by 100.0% during the third quarter. Cadence Bank now owns 5,740 shares of the specialty retailer’s stock worth $889,000 after buying an additional 2,870 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in Williams-Sonoma during the 3rd quarter worth about $115,000. Brooklyn Investment Group purchased a new position in Williams-Sonoma in the 3rd quarter valued at about $28,000. Finally, Quantbot Technologies LP lifted its stake in shares of Williams-Sonoma by 471.1% during the third quarter. Quantbot Technologies LP now owns 40,331 shares of the specialty retailer’s stock valued at $6,248,000 after buying an additional 33,269 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. increased their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Wedbush lifted their price target on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Citigroup cut 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. Finally, Barclays boosted their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus price target of $154.41.

Williams-Sonoma Stock Down 1.5 %

NYSE WSM opened at $171.39 on Friday. Williams-Sonoma, Inc. has a fifty-two week low of $90.87 and a fifty-two week high of $181.42. The business has a 50 day moving average price of $145.73 and a two-hundred day moving average price of $145.38. The stock has a market cap of $21.10 billion, a PE ratio of 20.27, a P/E/G ratio of 2.61 and a beta of 1.76.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.97%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma 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.