Asset Management One Co. Ltd. boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,467 shares of the specialty retailer's stock after purchasing an additional 4,512 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Williams-Sonoma were worth $8,831,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in shares of Williams-Sonoma by 186.0% during the third quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer's stock valued at $1,167,000 after purchasing an additional 4,901 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer's stock valued at $955,000 after purchasing an additional 3,038 shares during the last quarter. Stifel Financial Corp lifted its position in Williams-Sonoma by 94.8% during the third quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer's stock valued at $3,026,000 after purchasing an additional 9,509 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Williams-Sonoma by 27.2% in the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer's stock worth $5,966,000 after acquiring an additional 8,237 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Williams-Sonoma by 67.4% during the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer's stock valued at $4,641,000 after buying an additional 12,061 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on WSM shares. Citigroup reduced their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company upped their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Morgan Stanley increased their price objective 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. Finally, Loop Capital increased their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $172.34.
View Our Latest Analysis on WSM
WSM stock opened at $214.88 on Tuesday. The firm has a market cap of $26.45 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.91 and a beta of 1.79. Williams-Sonoma, Inc. has a 1 year low of $108.74 and a 1 year high of $219.98. The stock has a 50-day simple moving average of $198.86 and a 200-day simple moving average of $163.96.
The company also recently declared 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. This represents a $2.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma's dividend payout ratio (DPR) is presently 26.97%.
In related news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the sale, the chief financial officer now owns 46,388 shares of the company's stock, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 45,000 shares of the firm's stock in a transaction dated 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 approximately $196,263,808.16. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
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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