Penserra Capital Management LLC Purchases 4,988 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Penserra Capital Management LLC boosted its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 90.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,483 shares of the specialty retailer's stock after purchasing an additional 4,988 shares during the quarter. Penserra Capital Management LLC's holdings in Williams-Sonoma were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Smithfield Trust Co lifted its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter valued at $26,000. Cassady Schiller Wealth Management LLC raised its position in shares of 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 buying an additional 83 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter valued at $29,000. Finally, EntryPoint Capital LLC raised its position in shares of Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer's stock valued at $30,000 after buying an additional 78 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $174.10 on Wednesday. The stock has a market capitalization of $21.43 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.71 and a beta of 1.76. Williams-Sonoma, Inc. has a 52-week low of $90.87 and a 52-week high of $181.42. The company has a 50-day simple moving average of $144.82 and a two-hundred day simple moving average of $145.01.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.31%. Williams-Sonoma's dividend payout ratio is presently 26.97%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Barclays increased their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an "underweight" rating in a report on Thursday, November 21st. Evercore ISI increased their target price on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an "in-line" rating in a report on Thursday, November 21st. Telsey Advisory Group increased their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Wedbush raised their price target on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. Three investment 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.41.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the business'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 transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.