Coldstream Capital Management Inc. Boosts Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Coldstream Capital Management Inc. increased its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 106.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,012 shares of the specialty retailer's stock after purchasing an additional 13,936 shares during the period. Coldstream Capital Management Inc.'s holdings in Williams-Sonoma were worth $4,175,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSM. Quest Partners LLC bought a new stake in shares of Williams-Sonoma during the 2nd quarter worth $26,000. Crewe Advisors LLC bought a new position in shares of Williams-Sonoma in the second quarter worth about $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of Williams-Sonoma in the 2nd quarter valued at approximately $33,000. Smithfield Trust Co grew its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Finally, Cassady Schiller Wealth Management LLC increased its position in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Trading Up 2.3 %

WSM stock traded up $4.38 during mid-day trading on Wednesday, reaching $191.13. The company's stock had a trading volume of 783,289 shares, compared to its average volume of 1,964,314. Williams-Sonoma, Inc. has a 12 month low of $94.63 and a 12 month high of $192.83. The business's 50 day moving average price is $150.04 and its 200 day moving average price is $146.69. The company has a market cap of $23.53 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.81.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, October 18th. Williams-Sonoma's payout ratio is 26.97%.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of research analyst reports. TD Cowen raised their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Telsey Advisory Group boosted their price objective on Williams-Sonoma from $165.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their target price on Williams-Sonoma from $140.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Citigroup cut their price target on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Finally, Loop Capital upped their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, November 21st. Three equities research 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. Based on data from MarketBeat, Williams-Sonoma has an average rating of "Hold" and an average price target of $154.41.

Insider Buying and Selling

In other news, CEO Laura Alber sold 40,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $130.49, for a total value 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 represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at $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 company insiders.

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.