Kestra Investment Management LLC Purchases New Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Kestra Investment Management LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,378 shares of the specialty retailer’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WSM. Smithfield Trust Co grew its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Williams-Sonoma by 2.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after acquiring an additional 81 shares during the period. TFG Advisers LLC grew its stake in shares of Williams-Sonoma by 3.1% in the second quarter. TFG Advisers LLC now owns 2,746 shares of the specialty retailer’s stock worth $776,000 after purchasing an additional 83 shares in the last quarter. Cassady Schiller Wealth Management LLC increased its holdings in shares of Williams-Sonoma by 100.0% during the third 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. Finally, JGP Wealth Management LLC raised its stake in shares of Williams-Sonoma by 1.9% during the second quarter. JGP Wealth Management LLC now owns 4,753 shares of the specialty retailer’s stock valued at $1,342,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of recent analyst reports. Loop Capital increased 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. Barclays increased their price objective on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Wedbush upped their target price on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Citigroup decreased their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Evercore ISI boosted 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. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $154.41.

Insider Buying and Selling

In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Trading Up 0.4 %

NYSE WSM opened at $172.02 on Monday. Williams-Sonoma, Inc. has a 1 year low of $92.55 and a 1 year high of $181.42. The company has a market cap of $21.18 billion, a PE ratio of 20.35, a PEG ratio of 2.62 and a beta of 1.81. The stock’s 50-day moving average price is $146.19 and its two-hundred day moving average price is $145.29.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

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.