Williams-Sonoma, Inc. (NYSE:WSM) Stake Lowered by HS Management Partners LLC

HS Management Partners LLC decreased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 379,198 shares of the specialty retailer's stock after selling 21,907 shares during the quarter. Williams-Sonoma accounts for approximately 4.8% of HS Management Partners LLC's investment portfolio, making the stock its 8th largest holding. HS Management Partners LLC owned 0.31% of Williams-Sonoma worth $70,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Resonant Capital Advisors LLC lifted its holdings in shares of Williams-Sonoma by 1.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer's stock worth $643,000 after purchasing an additional 56 shares during the period. Westmount Partners LLC lifted its holdings in Williams-Sonoma by 1.0% in the fourth quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer's stock valued at $1,156,000 after acquiring an additional 59 shares during the period. Bailard Inc. lifted its holdings in Williams-Sonoma by 1.6% in the fourth quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer's stock valued at $758,000 after acquiring an additional 66 shares during the period. Smithfield Trust Co lifted its holdings in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 80 shares during the period. Finally, Cassady Schiller Wealth Management LLC lifted its holdings in Williams-Sonoma by 100.0% in the third 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. Institutional investors and hedge funds own 99.29% of the company's stock.

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Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock traded up $6.40 during trading hours on Friday, hitting $188.83. The company's stock had a trading volume of 2,219,844 shares, compared to its average volume of 1,854,918. Williams-Sonoma, Inc. has a twelve month low of $117.13 and a twelve month high of $219.98. The firm has a fifty day moving average of $201.32 and a 200-day moving average of $169.81. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.89 and a beta of 1.82.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, January 17th. Williams-Sonoma's dividend payout ratio (DPR) is presently 26.98%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WSM shares. Loop Capital boosted their price target on Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, November 21st. TD Cowen boosted their price target on Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Evercore ISI boosted their price target on Williams-Sonoma from $140.00 to $180.00 and gave the company an "in-line" rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Wedbush restated a "neutral" rating and issued a $190.00 price objective (up from $175.00) on shares of Williams-Sonoma in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $173.28.

Insider Activity

In related news, CEO Laura Alber sold 45,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the transaction, the chief executive officer now owns 944,666 shares of the company's stock, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $194.32, for a total value of $273,602.56. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate 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.