Prairiewood Capital LLC Sells 2,964 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Prairiewood Capital LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,120 shares of the specialty retailer’s stock after selling 2,964 shares during the period. Prairiewood Capital LLC’s holdings in Williams-Sonoma were worth $763,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WSM. FMR LLC increased its holdings in shares of Williams-Sonoma by 72.7% during the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after buying an additional 3,695,837 shares in the last quarter. State Street Corp increased its holdings in Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after purchasing an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC increased its holdings in Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after purchasing an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. raised its position in Williams-Sonoma by 118.7% in the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after purchasing an additional 1,145,410 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Williams-Sonoma by 104.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock valued at $171,239,000 after purchasing an additional 565,745 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the business’s 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 sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. This trade represents a 3.88 % 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.

Analyst Ratings Changes

A number of research analysts recently issued reports on WSM shares. TD Cowen raised their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Evercore ISI increased their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Barclays increased their price target on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $160.03.

Williams-Sonoma Price Performance

Shares of WSM opened at $202.73 on Tuesday. Williams-Sonoma, Inc. has a one year low of $95.76 and a one year high of $204.68. The company has a market cap of $24.96 billion, a PE ratio of 23.98, a P/E/G ratio of 3.09 and a beta of 1.79. The stock has a 50-day moving average of $180.75 and a 200-day moving average of $155.99.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.12%. Williams-Sonoma’s dividend payout ratio is 26.97%.

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.