Quantinno Capital Management LP Grows Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Quantinno Capital Management LP raised its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 147.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,511 shares of the specialty retailer's stock after purchasing an additional 15,807 shares during the quarter. Quantinno Capital Management LP's holdings in Williams-Sonoma were worth $4,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WSM. Quarry LP lifted its position in shares of Williams-Sonoma by 122.7% during the 3rd quarter. Quarry LP now owns 392 shares of the specialty retailer's stock valued at $61,000 after buying an additional 216 shares in the last quarter. RBF Capital LLC lifted its position in shares of Williams-Sonoma by 100.0% in the third quarter. RBF Capital LLC now owns 2,000 shares of the specialty retailer's stock valued at $310,000 after acquiring an additional 1,000 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in shares of Williams-Sonoma in the third quarter worth about $279,000. Motley Fool Asset Management LLC grew its position in shares of Williams-Sonoma by 94.1% during the third quarter. Motley Fool Asset Management LLC now owns 2,337 shares of the specialty retailer's stock worth $353,000 after purchasing an additional 1,133 shares in the last quarter. Finally, III Capital Management bought a new position in Williams-Sonoma in the 3rd quarter worth approximately $1,332,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Up 0.7 %

NYSE:WSM traded up $1.34 during mid-day trading on Monday, hitting $190.16. 2,151,436 shares of the stock traded hands, compared to its average volume of 1,970,018. The stock has a market capitalization of $23.41 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.87 and a beta of 1.81. Williams-Sonoma, Inc. has a 52 week low of $94.63 and a 52 week high of $192.83. The firm's 50 day moving average is $149.33 and its two-hundred day moving average is $146.35.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, October 18th. Williams-Sonoma's dividend payout ratio is currently 26.97%.

Insider Activity at Williams-Sonoma

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

Analysts Set New Price Targets

WSM has been the topic of several recent analyst reports. Loop Capital lifted their price objective 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. Telsey Advisory Group boosted their price target 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. Robert W. Baird reduced their target price on Williams-Sonoma from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, August 23rd. 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 report on Thursday, November 21st. Finally, Citigroup reduced their price objective on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $154.41.

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.