Journey Strategic Wealth LLC Invests $238,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Journey Strategic Wealth LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,285 shares of the specialty retailer's stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WSM. Smithfield Trust Co boosted its holdings in shares of Williams-Sonoma by 100.0% during 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. Cassady Schiller Wealth Management LLC boosted its stake in Williams-Sonoma by 100.0% in the 3rd 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. Brooklyn Investment Group bought a new stake in Williams-Sonoma in the 3rd quarter valued at $28,000. Clean Yield Group acquired a new position in Williams-Sonoma in the 3rd quarter valued at $30,000. Finally, HM Payson & Co. increased its position in Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer's stock worth $31,000 after buying an additional 100 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jeffrey Howie sold 3,160 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the sale, the chief financial officer now owns 46,388 shares of the company's stock, valued at $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now directly owns 990,956 shares of the company's stock, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,160 shares of company stock worth $15,129,352. Insiders own 1.50% of the company's stock.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock traded down $3.74 during midday trading on Friday, hitting $207.26. 1,108,988 shares of the company traded hands, compared to its average volume of 1,310,699. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.98 and a beta of 1.79. The firm's fifty day moving average price is $195.69 and its 200-day moving average price is $161.51. Williams-Sonoma, Inc. has a 12 month low of $103.50 and a 12 month high of $219.98.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.10%. Williams-Sonoma's dividend payout ratio (DPR) is presently 26.97%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WSM shares. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Loop Capital increased their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on Williams-Sonoma from $165.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Finally, Morgan Stanley lifted their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $172.34.

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.