Kestra Investment Management LLC Has $590,000 Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Kestra Investment Management LLC trimmed its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,184 shares of the specialty retailer’s stock after selling 194 shares during the period. Kestra Investment Management LLC’s holdings in Williams-Sonoma were worth $590,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in shares of Williams-Sonoma by 186.0% during the third quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock valued at $1,167,000 after purchasing an additional 4,901 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock valued at $955,000 after purchasing an additional 3,038 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Williams-Sonoma by 94.8% during the third quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer’s stock valued at $3,026,000 after purchasing an additional 9,509 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Williams-Sonoma by 27.2% during the third quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock valued at $5,966,000 after purchasing an additional 8,237 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Williams-Sonoma by 67.4% during the third quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock valued at $4,641,000 after purchasing an additional 12,061 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Citigroup lowered their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Morgan Stanley raised their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 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 report on Thursday, November 21st. Finally, 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 report on Thursday, November 21st. Two 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $172.34.

Williams-Sonoma Stock Up 1.4 %

NYSE WSM opened at $217.56 on Wednesday. The company has a market cap of $26.78 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.96 and a beta of 1.79. Williams-Sonoma, Inc. has a 52 week low of $108.74 and a 52 week high of $219.98. The business has a 50 day moving average price of $199.36 and a 200-day moving average price of $164.45.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.05%. Williams-Sonoma’s dividend payout ratio is 26.97%.

Insider Activity

In related news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.