Jeffrey Howie Sells 1,408 Shares of Williams-Sonoma, Inc. (NYSE:WSM) Stock

Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total value of $273,602.56. Following the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeffrey Howie also recently made the following trade(s):

• On Monday, December 2nd, Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock. The stock was sold at an average price of $177.39, for a total value of $560,552.40.

Williams-Sonoma Trading Down 3.7 %

NYSE:WSM traded down $7.25 during mid-day trading on Monday, reaching $187.33. The company's stock had a trading volume of 1,475,711 shares, compared to its average volume of 1,864,595. The stock has a market cap of $23.06 billion, a P/E ratio of 22.16, a PEG ratio of 2.89 and a beta of 1.79. The firm's fifty day moving average price is $201.46 and its two-hundred day moving average price is $168.39. Williams-Sonoma, Inc. has a 12-month low of $117.13 and a 12-month high of $219.98.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.22%. Williams-Sonoma's payout ratio is 26.98%.

Analysts Set New Price Targets

A number of research firms have issued reports on WSM. Wedbush reiterated a "neutral" rating and issued a $190.00 price objective (up previously from $175.00) on shares of Williams-Sonoma in a report on Friday. Morgan Stanley increased their price target on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma to a "hold" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $173.28.

Institutional Investors Weigh In On Williams-Sonoma

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC boosted its stake in shares of Williams-Sonoma by 0.4% in the 4th quarter. Mariner LLC now owns 11,225 shares of the specialty retailer's stock worth $2,079,000 after buying an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Williams-Sonoma by 15.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 396 shares of the specialty retailer's stock worth $73,000 after purchasing an additional 53 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Williams-Sonoma by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer's stock valued at $643,000 after purchasing an additional 56 shares during the last quarter. Westmount Partners LLC increased its position in shares of Williams-Sonoma by 1.0% during the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer's stock valued at $1,156,000 after purchasing an additional 59 shares during the last quarter. Finally, Bailard Inc. lifted its stake in shares of Williams-Sonoma by 1.6% in the 4th quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer's stock worth $758,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 99.29% 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.