LGL Partners LLC Invests $206,000 in Williams-Sonoma, Inc. (NYSE:WSM)

LGL Partners LLC bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the fourth quarter, HoldingsChannel reports. The fund bought 1,111 shares of the specialty retailer’s stock, valued at approximately $206,000.

A number of other hedge funds have also added to or reduced their stakes in WSM. Allspring Global Investments Holdings LLC grew its holdings in shares of Williams-Sonoma by 5.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,078 shares of the specialty retailer’s stock valued at $4,350,000 after acquiring an additional 1,394 shares in the last quarter. Private Advisor Group LLC grew its stake in Williams-Sonoma by 94.6% in the third quarter. Private Advisor Group LLC now owns 7,389 shares of the specialty retailer’s stock valued at $1,145,000 after purchasing an additional 3,592 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Williams-Sonoma by 30,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,859 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 1,853 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Williams-Sonoma by 141.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,896 shares of the specialty retailer’s stock worth $1,378,000 after purchasing an additional 5,212 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Williams-Sonoma by 109.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,702 shares of the specialty retailer’s stock worth $726,000 after purchasing an additional 2,454 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Citigroup lowered their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays boosted their price target on Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, Gordon Haskett raised 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 issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and an average price target of $172.34.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $196.37 on Wednesday. Williams-Sonoma, Inc. has a 52 week low of $113.25 and a 52 week high of $219.98. The firm’s 50-day simple moving average is $200.75 and its 200 day simple moving average is $167.23. The firm has a market cap of $24.17 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 2.89 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.16%. Williams-Sonoma’s payout ratio is 26.98%.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $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 SEC, which is available at the SEC website. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at $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. 1.50% of the stock is owned by company insiders.

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.