Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by Logan Capital Management Inc.

Logan Capital Management Inc. raised its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 98.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,328 shares of the specialty retailer's stock after buying an additional 90,230 shares during the period. Williams-Sonoma comprises about 1.2% of Logan Capital Management Inc.'s investment portfolio, making the stock its 17th biggest position. Logan Capital Management Inc. owned 0.15% of Williams-Sonoma worth $28,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Retirement Systems of Alabama grew its position in Williams-Sonoma by 72.3% during the 3rd quarter. Retirement Systems of Alabama now owns 206,645 shares of the specialty retailer's stock worth $32,013,000 after acquiring an additional 86,742 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Williams-Sonoma by 129.1% during the third quarter. Franklin Resources Inc. now owns 247,243 shares of the specialty retailer's stock valued at $36,119,000 after buying an additional 139,320 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of Williams-Sonoma by 89.9% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 21,707 shares of the specialty retailer's stock worth $3,363,000 after acquiring an additional 10,278 shares in the last quarter. Synovus Financial Corp raised its holdings in Williams-Sonoma by 132.2% in the third quarter. Synovus Financial Corp now owns 6,893 shares of the specialty retailer's stock worth $1,068,000 after purchasing an additional 3,924 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Williams-Sonoma by 137.4% in the 3rd quarter. Tidal Investments LLC now owns 4,382 shares of the specialty retailer's stock worth $679,000 after acquiring an additional 2,536 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup lowered their price objective on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Wells Fargo & Company raised their target price on shares of Williams-Sonoma from $140.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Loop Capital upped their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Finally, Telsey Advisory Group raised their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an "outperform" rating in a research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $154.41.

Williams-Sonoma Stock Up 2.2 %

Shares of Williams-Sonoma stock traded up $4.25 on Friday, reaching $195.63. The stock had a trading volume of 2,395,097 shares, compared to its average volume of 2,366,802. The stock has a market capitalization of $24.08 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.98 and a beta of 1.81. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $198.70. The company has a 50 day moving average price of $153.19 and a 200 day moving average price of $147.96.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be given a $0.57 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. Williams-Sonoma's payout ratio is 26.97%.

Insider Buying and Selling

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 990,956 shares of the company's stock, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,160 shares of company stock worth $11,590,952 in the last ninety days. 1.50% of the stock is owned by 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.