D.A. Davidson & CO. Sells 758 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

D.A. Davidson & CO. decreased its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 13.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,890 shares of the specialty retailer’s stock after selling 758 shares during the period. D.A. Davidson & CO.’s holdings in Williams-Sonoma were worth $906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp increased its position in shares of Williams-Sonoma by 3.4% during the 4th quarter. Truist Financial Corp now owns 340,176 shares of the specialty retailer’s stock worth $62,994,000 after purchasing an additional 11,058 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Williams-Sonoma by 13.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,181 shares of the specialty retailer’s stock worth $774,000 after buying an additional 487 shares during the last quarter. Human Investing LLC acquired a new stake in Williams-Sonoma in the fourth quarter valued at $56,000. J.W. Cole Advisors Inc. bought a new position in shares of Williams-Sonoma in the 4th quarter valued at about $213,000. Finally, Rhumbline Advisers increased its stake in shares of Williams-Sonoma by 1.3% during the 4th quarter. Rhumbline Advisers now owns 463,799 shares of the specialty retailer’s stock worth $85,886,000 after purchasing an additional 5,771 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WSM shares. Wells Fargo & Company lifted their price target on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Evercore ISI increased their price target on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Wedbush lifted their target price on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $172.34.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the transaction, the chief financial officer now owns 46,388 shares in the company, valued at $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Williams-Sonoma Stock Down 6.8 %

Shares of Williams-Sonoma stock opened at $195.03 on Monday. Williams-Sonoma, Inc. has a 12-month low of $110.93 and a 12-month high of $219.98. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.89 and a beta of 1.79. The firm’s 50-day moving average price is $200.78 and its two-hundred day moving average price is $166.25.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 17th were paid a $0.57 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.17%. Williams-Sonoma’s dividend payout ratio (DPR) is 26.98%.

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.