Townsquare Capital LLC Has $4.65 Million Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Townsquare Capital LLC boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 116.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,024 shares of the specialty retailer’s stock after buying an additional 16,162 shares during the period. Townsquare Capital LLC’s holdings in Williams-Sonoma were worth $4,651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Smithfield Trust Co increased its position in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Quest Partners LLC bought a new position in Williams-Sonoma during the 2nd quarter worth about $26,000. Cassady Schiller Wealth Management LLC raised its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Brooklyn Investment Group bought a new stake in shares of Williams-Sonoma in the third quarter valued at about $28,000. Finally, Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma in the second quarter valued at about $29,000. Institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of recent research reports. Telsey Advisory Group lifted their target price on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wedbush lifted their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their target price on shares of Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Loop Capital raised their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma presently has an average rating of “Hold” and an average target price of $154.41.

Williams-Sonoma Price Performance

NYSE:WSM opened at $171.39 on Friday. The company has a market cap of $21.10 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.61 and a beta of 1.76. The firm’s fifty day moving average price is $145.73 and its two-hundred day moving average price is $145.38. Williams-Sonoma, Inc. has a one year low of $90.87 and a one year high of $181.42.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.33%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 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.