Convergence Investment Partners LLC Makes New $445,000 Investment in Williams-Sonoma, Inc. (NYSE:WSM)

Convergence Investment Partners LLC purchased a new position in Williams-Sonoma, Inc. (NYSE:WSM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,404 shares of the specialty retailer’s stock, valued at approximately $445,000.

Other large investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. raised its stake in Williams-Sonoma by 85.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,671 shares of the specialty retailer’s stock valued at $495,000 after buying an additional 1,228 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Williams-Sonoma by 69.6% in the fourth quarter. Venturi Wealth Management LLC now owns 11,684 shares of the specialty retailer’s stock worth $2,164,000 after acquiring an additional 4,796 shares during the period. Truist Financial Corp increased its position in Williams-Sonoma by 3.4% during the fourth quarter. Truist Financial Corp now owns 340,176 shares of the specialty retailer’s stock valued at $62,994,000 after acquiring an additional 11,058 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Williams-Sonoma by 13.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,181 shares of the specialty retailer’s stock worth $774,000 after purchasing an additional 487 shares during the period. Finally, Human Investing LLC purchased a new position in shares of Williams-Sonoma in the fourth quarter worth approximately $56,000. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on 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 directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

WSM has been the subject of a number of research reports. Barclays upped their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. TD Cowen lifted 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. Wedbush lifted their target price on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Citigroup lowered their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Gordon Haskett upgraded Williams-Sonoma to a “hold” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average target price of $172.34.

Williams-Sonoma Stock Performance

WSM stock opened at $213.61 on Thursday. Williams-Sonoma, Inc. has a one year low of $108.74 and a one year high of $219.98. The company’s fifty day moving average price is $200.43 and its 200-day moving average price is $165.34. The company has a market capitalization of $26.30 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.98%.

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.