OLD National Bancorp IN Cuts Stake in Williams-Sonoma, Inc. (NYSE:WSM)

OLD National Bancorp IN lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,076 shares of the specialty retailer’s stock after selling 4,775 shares during the quarter. OLD National Bancorp IN’s holdings in Williams-Sonoma were worth $4,644,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WSM. FMR LLC grew its position in shares of Williams-Sonoma by 72.7% during the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after acquiring an additional 3,695,837 shares during the period. State Street Corp lifted its stake in Williams-Sonoma by 108.8% in the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after purchasing an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC grew its holdings in Williams-Sonoma by 107.5% during the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after purchasing an additional 1,393,436 shares during the period. Pacer Advisors Inc. grew its holdings in Williams-Sonoma by 118.7% during 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 period. Finally, Jacobs Levy Equity Management Inc. increased its position in Williams-Sonoma by 324.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock worth $160,537,000 after buying an additional 792,068 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Loop Capital increased their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays upped their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Finally, Evercore ISI lifted their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $172.34.

Insider Activity at Williams-Sonoma

In other 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 approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction 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. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,160 shares of company stock valued at $15,129,352 over the last 90 days. 1.50% of the stock is owned by insiders.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $217.31 on Friday. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $219.98. The firm has a market cap of $26.75 billion, a PE ratio of 25.70, a PEG ratio of 3.05 and a beta of 1.79. The company has a 50 day simple moving average of $191.23 and a two-hundred day simple moving average of $159.15.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.05%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 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.