Kestra Investment Management LLC Takes Position in Williams-Sonoma, Inc. (NYSE:WSM)

Kestra Investment Management LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,378 shares of the specialty retailer's stock, valued at approximately $523,000.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position in 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 raised its stake in shares of Williams-Sonoma by 97.1% in the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer's stock valued at $955,000 after acquiring an additional 3,038 shares in the last quarter. Intech Investment Management LLC boosted its holdings 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 purchasing an additional 8,237 shares during the period. Pacer Advisors Inc. grew its stake in Williams-Sonoma by 118.7% during the 3rd 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 in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in Williams-Sonoma by 92.5% during the 3rd quarter. Pathstone Holdings LLC now owns 44,130 shares of the specialty retailer's stock worth $6,837,000 after purchasing an additional 21,200 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Williams-Sonoma from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, August 23rd. Royal Bank of Canada lifted their price target on Williams-Sonoma from $162.00 to $189.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Citigroup dropped their price objective on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Wells Fargo & Company boosted their target price on Williams-Sonoma from $140.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Finally, Barclays increased their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an "underweight" 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 given a buy rating to the company's stock. According to MarketBeat, Williams-Sonoma has an average rating of "Hold" and an average price target of $154.41.

Williams-Sonoma Stock Performance

NYSE WSM traded up $7.05 during mid-day trading on Monday, reaching $179.07. 613,139 shares of the stock were exchanged, compared to its average volume of 1,967,249. The stock has a market capitalization of $22.04 billion, a PE ratio of 20.35, a PEG ratio of 2.62 and a beta of 1.81. Williams-Sonoma, Inc. has a 1-year low of $94.63 and a 1-year high of $181.42. The business's fifty day simple moving average is $146.19 and its 200 day simple moving average is $145.29.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 18th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, October 18th. Williams-Sonoma's dividend payout ratio (DPR) is 26.97%.

Insider Activity

In related news, CEO Laura Alber sold 40,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 990,956 shares in the company, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

About Williams-Sonoma

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.