1,217 Shares in Williams-Sonoma, Inc. (NYSE:WSM) Bought by Money Concepts Capital Corp

Money Concepts Capital Corp acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the fourth quarter, Holdings Channel reports. The firm acquired 1,217 shares of the specialty retailer’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSM. Cetera Investment Advisers raised its stake in Williams-Sonoma by 6.2% in the second quarter. Cetera Investment Advisers now owns 12,786 shares of the specialty retailer’s stock valued at $3,610,000 after buying an additional 741 shares during the last quarter. SG Americas Securities LLC raised its stake in Williams-Sonoma by 125.9% in the third quarter. SG Americas Securities LLC now owns 2,853 shares of the specialty retailer’s stock valued at $442,000 after buying an additional 1,590 shares during the last quarter. GAMMA Investing LLC raised its stake in Williams-Sonoma by 117.0% in the third quarter. GAMMA Investing LLC now owns 1,712 shares of the specialty retailer’s stock valued at $265,000 after buying an additional 923 shares during the last quarter. Alpha Financial Partners LLC purchased a new stake in Williams-Sonoma in the third quarter valued at about $216,000. Finally, Atomi Financial Group Inc. raised its stake in Williams-Sonoma by 76.4% in the third quarter. Atomi Financial Group Inc. now owns 1,436 shares of the specialty retailer’s stock valued at $222,000 after buying an additional 622 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WSM shares. Jefferies Financial Group increased their price target on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. TD Cowen raised their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $172.34.

Insider Buying and Selling 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 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 $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,160 shares of company stock valued at $15,129,352. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Trading Up 0.7 %

Shares of WSM opened at $210.91 on Friday. Williams-Sonoma, Inc. has a 12 month low of $101.68 and a 12 month high of $219.98. The stock’s 50 day moving average is $194.90 and its two-hundred day moving average is $161.16. The firm has a market cap of $25.96 billion, a P/E ratio of 24.94, a PEG ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The firm 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 $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s payout ratio is currently 26.98%.

Williams-Sonoma 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.