Mirae Asset Global Investments Co. Ltd. Has $543,000 Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 38.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,913 shares of the specialty retailer's stock after selling 1,789 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Williams-Sonoma were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Smithfield Trust Co increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC boosted 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 valued at $26,000 after purchasing an additional 83 shares during the period. Brooklyn Investment Group acquired a new position in Williams-Sonoma during the 3rd quarter valued at approximately $28,000. HM Payson & Co. boosted 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 valued at $31,000 after purchasing an additional 100 shares during the period. Finally, Sittner & Nelson LLC boosted its position in Williams-Sonoma by 100.0% during the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer's stock valued at $31,000 after purchasing an additional 100 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of analyst reports. Loop Capital boosted their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Morgan Stanley boosted their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. TD Cowen boosted their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $172.34.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock traded up $7.82 during trading on Friday, hitting $214.88. The stock had a trading volume of 1,126,836 shares, compared to its average volume of 1,216,403. The firm has a market cap of $26.45 billion, a P/E ratio of 25.41, a PEG ratio of 2.91 and a beta of 1.79. The business has a fifty day moving average of $198.86 and a two-hundred day moving average of $163.96. Williams-Sonoma, Inc. has a fifty-two week low of $108.74 and a fifty-two week high of $219.98.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.06%. Williams-Sonoma's dividend payout ratio (DPR) is 26.97%.

Insider Activity

In other news, CFO Jeffrey Howie sold 3,160 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly 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 Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 45,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the sale, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

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.