Sovran Advisors LLC Takes Position in Williams-Sonoma, Inc. (NYSE:WSM)

Sovran Advisors LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,049 shares of the specialty retailer's stock, valued at approximately $395,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WSM. Smithfield Trust Co increased its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 80 shares during the period. Cassady Schiller Wealth Management LLC lifted 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 acquiring an additional 83 shares during the period. Brooklyn Investment Group bought a new stake in shares of Williams-Sonoma during the 3rd quarter valued at $28,000. HM Payson & Co. lifted its position in shares of 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 acquiring an additional 100 shares during the period. Finally, Sittner & Nelson LLC lifted its position in shares of 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 acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WSM. JPMorgan Chase & Co. boosted their price target on Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Barclays increased their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an "underweight" rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Evercore ISI upped their target price on Williams-Sonoma from $140.00 to $180.00 and gave the stock an "in-line" rating in a research note on Thursday, November 21st. Finally, TD Cowen upped their target price on Williams-Sonoma from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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 company's stock had a trading volume of 1,126,836 shares, compared to its average volume of 1,216,403. The stock has a market cap of $26.45 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.91 and a beta of 1.79. Williams-Sonoma, Inc. has a 52 week low of $108.74 and a 52 week high of $219.98. The stock has a 50-day moving average price of $198.86 and a two-hundred day moving average price of $163.96.

Williams-Sonoma Dividend Announcement

The business 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 dividend of $0.57 per share. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.06%. Williams-Sonoma's dividend payout ratio (DPR) is 26.97%.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the transaction, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the business's stock in a transaction 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 transaction, the chief financial officer now 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 disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Williams-Sonoma 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.