State Board of Administration of Florida Retirement System Decreases Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

State Board of Administration of Florida Retirement System reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 5.7% in the third quarter, HoldingsChannel reports. The firm owned 63,875 shares of the specialty retailer’s stock after selling 3,870 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Williams-Sonoma were worth $9,926,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter worth $25,000. Bessemer Group Inc. lifted its stake in shares of Williams-Sonoma by 863.6% during the 4th quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 190 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of Williams-Sonoma during the 3rd quarter worth $32,000. Quarry LP raised its stake in Williams-Sonoma by 229.8% in the first quarter. Quarry LP now owns 277 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 193 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Williams-Sonoma by 820.0% in the third quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 205 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Smith sold 1,945 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $179.85, for a total value of $349,808.25. Following the sale, the executive vice president now directly owns 7,240 shares of the company’s stock, valued at $1,302,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Williams-Sonoma news, CEO Marta Benson sold 5,374 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $178.86, for a total transaction of $961,193.64. Following the transaction, the chief executive officer now owns 48,864 shares of the company’s stock, valued at $8,739,815.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karalyn Smith sold 1,945 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $179.85, for a total value of $349,808.25. Following the transaction, the executive vice president now directly owns 7,240 shares in the company, valued at approximately $1,302,114. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,319 shares of company stock valued at $5,349,402. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

WSM has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Williams-Sonoma from $127.00 to $144.00 and gave the company a “sell” rating in a research note on Friday, November 17th. Royal Bank of Canada increased their price target on Williams-Sonoma from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Morgan Stanley increased their price target on Williams-Sonoma from $125.00 to $155.00 and gave the company an “underweight” rating in a research note on Friday, November 17th. StockNews.com cut Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $135.00 to $145.00 and gave the company an “underweight” rating in a research note on Friday, November 17th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $157.75.

Read Our Latest Research Report on Williams-Sonoma

Williams-Sonoma Stock Up 3.1 %

Williams-Sonoma stock opened at $226.80 on Tuesday. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.63. Williams-Sonoma, Inc. has a 52 week low of $109.44 and a 52 week high of $231.16. The business’s 50-day moving average price is $202.60 and its 200 day moving average price is $169.84.

Williams-Sonoma (NYSE:WSMGet Free Report) last posted its earnings results on Thursday, November 16th. The specialty retailer reported $3.66 EPS for the quarter, topping the consensus estimate of $3.34 by $0.32. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.95 billion. Williams-Sonoma had a return on equity of 59.65% and a net margin of 11.99%. Equities analysts expect that Williams-Sonoma, Inc. will post 14.47 EPS for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, January 19th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, January 18th. Williams-Sonoma’s payout ratio is currently 24.98%.

Williams-Sonoma Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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