Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by Fmr LLC

Fmr LLC grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 72.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,781,201 shares of the specialty retailer’s stock after buying an additional 3,695,837 shares during the quarter. Fmr LLC owned about 6.95% of Williams-Sonoma worth $1,360,384,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its stake in Williams-Sonoma by 19.7% in the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 59 shares in the last quarter. EntryPoint Capital LLC increased its stake in Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Smithfield Trust Co increased its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Diversify Advisory Services LLC increased its stake in Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock valued at $500,000 after purchasing an additional 81 shares in the last quarter. Finally, TFG Advisers LLC increased its stake in Williams-Sonoma by 3.1% in the 2nd quarter. TFG Advisers LLC now owns 2,746 shares of the specialty retailer’s stock valued at $776,000 after purchasing an additional 83 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction 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 transaction, the chief executive officer now owns 990,956 shares in the company, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on WSM. Wedbush raised their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Barclays raised their price target on Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Loop Capital raised their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. TD Cowen raised their price target on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $154.41.

Williams-Sonoma Trading Down 2.1 %

Shares of Williams-Sonoma stock opened at $174.10 on Wednesday. Williams-Sonoma, Inc. has a twelve month low of $90.87 and a twelve month high of $181.42. The stock has a market capitalization of $21.43 billion, a P/E ratio of 20.59, a PEG ratio of 2.71 and a beta of 1.76. The business’s fifty day moving average price is $144.82 and its 200 day moving average price is $145.01.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, October 18th. Williams-Sonoma’s payout ratio is currently 26.97%.

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.