D.A. Davidson & CO. Acquires 2,201 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

D.A. Davidson & CO. boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 63.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,648 shares of the specialty retailer’s stock after acquiring an additional 2,201 shares during the quarter. D.A. Davidson & CO.’s holdings in Williams-Sonoma were worth $875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WSM. Smithfield Trust Co lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Diversify Advisory Services LLC lifted its stake in Williams-Sonoma by 2.6% in the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock valued at $500,000 after buying an additional 81 shares during the period. TFG Advisers LLC boosted its holdings in Williams-Sonoma by 3.1% during the second quarter. TFG Advisers LLC now owns 2,746 shares of the specialty retailer’s stock worth $776,000 after buying an additional 83 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after buying an additional 83 shares during the period. Finally, JGP Wealth Management LLC grew its position in shares of Williams-Sonoma by 1.9% during the 2nd quarter. JGP Wealth Management LLC now owns 4,753 shares of the specialty retailer’s stock worth $1,342,000 after buying an additional 89 shares during the period. 99.29% of the stock is owned by institutional investors.

Williams-Sonoma Stock Up 0.4 %

NYSE WSM opened at $172.02 on Monday. The firm’s 50 day moving average is $146.19 and its 200-day moving average is $145.29. The company has a market capitalization of $21.18 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.62 and a beta of 1.76. Williams-Sonoma, Inc. has a 12-month low of $92.55 and a 12-month high of $181.42.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 annualized dividend and a yield of 1.33%. Williams-Sonoma’s payout ratio is currently 26.97%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WSM. Wedbush lifted their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Evercore ISI lifted their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Loop Capital boosted their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Robert W. Baird reduced their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average price target of $154.41.

Insiders Place Their Bets

In related news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma 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 sale, the chief executive officer now owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.