Harvest Fund Management Co. Ltd Purchases New Shares in Williams-Sonoma, Inc. (NYSE:WSM)

Harvest Fund Management Co. Ltd bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,369 shares of the specialty retailer's stock, valued at approximately $1,920,000.

Several other institutional investors also recently modified their holdings of the stock. Smithfield Trust Co boosted its stake in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Williams-Sonoma in the third quarter worth $28,000. Hobbs Group Advisors LLC boosted its position in shares of Williams-Sonoma by 100.0% during the third quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 118 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Williams-Sonoma in the 4th quarter valued at $37,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Williams-Sonoma in the 4th quarter valued at $38,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Telsey Advisory Group restated an "outperform" rating and issued a $230.00 price target on shares of Williams-Sonoma in a report on Monday, March 17th. Barclays increased their target price on Williams-Sonoma from $123.00 to $131.00 and gave the stock an "underweight" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $153.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Gordon Haskett raised shares of Williams-Sonoma to a "hold" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Williams-Sonoma currently has a consensus rating of "Hold" and a consensus price target of $177.93.

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Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Williams-Sonoma Stock Up 4.1 %

Shares of NYSE:WSM traded up $6.67 during midday trading on Monday, hitting $170.32. The stock had a trading volume of 2,403,059 shares, compared to its average volume of 1,917,784. The company has a market cap of $20.97 billion, a P/E ratio of 20.14, a PEG ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The business's 50-day simple moving average is $197.13 and its 200-day simple moving average is $172.60.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.28 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.40. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.34 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.44 EPS. As a group, equities analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, May 24th. Shareholders of record on Thursday, April 17th will be paid a $0.66 dividend. This is a positive change from Williams-Sonoma's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.64 annualized dividend and a yield of 1.55%. Williams-Sonoma's dividend payout ratio is currently 29.30%.

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.