Wellington Management Group LLP lifted its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 150.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,390 shares of the specialty retailer's stock after purchasing an additional 12,237 shares during the quarter. Wellington Management Group LLP's holdings in Williams-Sonoma were worth $3,159,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Worldquant Millennium Advisors LLC acquired a new position in Williams-Sonoma in the 3rd quarter worth approximately $16,140,000. Weiss Asset Management LP acquired a new stake in shares of Williams-Sonoma in the third quarter worth $387,000. Tabor Asset Management LP grew its holdings in shares of Williams-Sonoma by 50.8% during the third quarter. Tabor Asset Management LP now owns 62,957 shares of the specialty retailer's stock valued at $9,753,000 after buying an additional 21,206 shares in the last quarter. State Street Corp raised its position in Williams-Sonoma by 108.8% during the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer's stock valued at $825,588,000 after buying an additional 2,777,339 shares during the period. Finally, Stifel Financial Corp lifted its stake in Williams-Sonoma by 94.8% in the 3rd quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer's stock worth $3,026,000 after acquiring an additional 9,509 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Williams-Sonoma from $162.00 to $189.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Wedbush boosted their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 21st. TD Cowen increased their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Evercore ISI boosted their price target 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. Finally, Barclays upped their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an "underweight" rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $158.78.
View Our Latest Analysis on Williams-Sonoma
Williams-Sonoma Trading Down 6.1 %
Williams-Sonoma stock traded down $12.14 during trading hours on Wednesday, reaching $186.07. 2,208,736 shares of the company were exchanged, compared to its average volume of 1,973,753. Williams-Sonoma, Inc. has a 12 month low of $95.76 and a 12 month high of $199.41. The stock has a 50-day moving average of $155.87 and a 200 day moving average of $149.03. The firm has a market cap of $22.91 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.98 and a beta of 1.81.
Williams-Sonoma Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma's dividend payout ratio is currently 26.98%.
Insider Activity at Williams-Sonoma
In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 990,956 shares of the company's stock, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
About Williams-Sonoma
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Free Report)
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.
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