Ingalls & Snyder LLC Raises Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Ingalls & Snyder LLC boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 119.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,625 shares of the specialty retailer’s stock after buying an additional 36,315 shares during the period. Ingalls & Snyder LLC’s holdings in Williams-Sonoma were worth $10,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smithfield Trust Co raised its holdings 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 buying an additional 80 shares during the period. Diversify Advisory Services LLC increased its stake in Williams-Sonoma by 2.6% during the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after purchasing an additional 81 shares during the period. TFG Advisers LLC increased its stake in Williams-Sonoma by 3.1% during the second quarter. TFG Advisers LLC now owns 2,746 shares of the specialty retailer’s stock worth $776,000 after purchasing an additional 83 shares during the period. Cassady Schiller Wealth Management LLC increased its stake in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. Finally, JGP Wealth Management LLC increased its stake in Williams-Sonoma by 1.9% during the second quarter. JGP Wealth Management LLC now owns 4,753 shares of the specialty retailer’s stock worth $1,342,000 after purchasing an additional 89 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Up 0.6 %

Williams-Sonoma stock traded up $1.14 during mid-day trading on Tuesday, hitting $178.52. The company had a trading volume of 113,325 shares, compared to its average volume of 1,963,283. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.62 and a beta of 1.81. Williams-Sonoma, Inc. has a 1 year low of $94.63 and a 1 year high of $181.42. The business has a fifty day moving average of $146.66 and a 200 day moving average of $145.43.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were given a dividend of $0.57 per share. The ex-dividend date was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.28%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.97%.

Wall Street Analyst Weigh In

WSM has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and boosted their price target for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Telsey Advisory Group boosted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. TD Cowen boosted their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Evercore ISI boosted their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.41.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the transaction, the chief executive officer now directly 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 SEC, which is accessible through this link. Insiders own 1.50% 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.