Brophy Wealth Management LLC Makes New Investment in Williams-Sonoma, Inc. (NYSE:WSM)

Brophy Wealth Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,879 shares of the specialty retailer's stock, valued at approximately $446,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in shares of Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer's stock valued at $1,167,000 after buying an additional 4,901 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer's stock worth $955,000 after acquiring an additional 3,038 shares in the last quarter. Intech Investment Management LLC grew its stake in Williams-Sonoma by 27.2% in the third quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer's stock valued at $5,966,000 after acquiring an additional 8,237 shares during the period. Pacer Advisors Inc. raised its position in shares of Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer's stock worth $326,931,000 after purchasing an additional 1,145,410 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Williams-Sonoma by 67.4% during the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer's stock valued at $4,641,000 after purchasing an additional 12,061 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Trading Up 2.1 %

Shares of WSM traded up $3.84 during midday trading on Wednesday, reaching $190.59. The stock had a trading volume of 1,901,748 shares, compared to its average volume of 1,969,112. The firm has a market cap of $23.46 billion, a PE ratio of 22.54, a P/E/G ratio of 2.87 and a beta of 1.81. The firm has a 50 day simple moving average of $151.52 and a 200-day simple moving average of $147.30. Williams-Sonoma, Inc. has a one year low of $94.63 and a one year high of $192.83.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.20%. Williams-Sonoma's dividend payout ratio is currently 26.97%.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Williams-Sonoma from $162.00 to $189.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. TD Cowen increased their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a "buy" rating in a research 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 research report on Friday, November 8th. Barclays increased their target price on Williams-Sonoma from $116.00 to $123.00 and gave the stock an "underweight" rating in a report on Thursday, November 21st. Finally, Loop Capital boosted their price target on Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $154.41.

Insider Buying and Selling

In other news, CEO Laura Alber sold 40,000 shares of the business'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. The trade was a 3.88 % 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, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares of the company's stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,160 shares of company stock valued at $11,590,952. 1.50% of the stock is owned by insiders.

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.