Centiva Capital LP Trims Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Centiva Capital LP cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 64.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,286 shares of the specialty retailer's stock after selling 4,214 shares during the period. Centiva Capital LP's holdings in Williams-Sonoma were worth $354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WSM. Quest Partners LLC acquired a new position in Williams-Sonoma in the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in Williams-Sonoma in the second quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new position in Williams-Sonoma in the second quarter valued at approximately $33,000. Smithfield Trust Co grew its position in Williams-Sonoma by 100.0% in the third 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 period. Finally, Cassady Schiller Wealth Management LLC raised its position in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 83 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Down 1.8 %

NYSE:WSM traded down $3.41 during trading hours on Tuesday, reaching $186.75. 1,619,253 shares of the company's stock were exchanged, compared to its average volume of 1,969,395. Williams-Sonoma, Inc. has a 1-year low of $94.63 and a 1-year high of $192.83. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.87 and a beta of 1.81. The company has a 50-day moving average of $150.04 and a 200 day moving average of $146.69.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were issued 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 yield of 1.22%. Williams-Sonoma's dividend payout ratio is currently 26.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WSM. Wells Fargo & Company raised their price objective on Williams-Sonoma from $140.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company 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. Jefferies Financial Group raised Williams-Sonoma from a "hold" rating to a "buy" rating and boosted their target price for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Finally, Citigroup lowered their price target on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Three research 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $154.41.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $145.27, for a total value of $5,810,800.00. Following the completion of the transaction, 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 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the business's 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 in the company, valued at $8,228,767.32. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,160 shares of company stock worth $11,590,952 over the last 90 days. 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.