Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc trimmed its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,850 shares of the specialty retailer’s stock after selling 1,099 shares during the period. Stiles Financial Services Inc’s holdings in Williams-Sonoma were worth $2,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Martin Capital Advisors LLP boosted its position in shares of Williams-Sonoma by 4.1% in the fourth quarter. Martin Capital Advisors LLP now owns 24,762 shares of the specialty retailer’s stock worth $4,585,000 after acquiring an additional 970 shares during the last quarter. Focused Wealth Management Inc purchased a new position in shares of Williams-Sonoma in the 4th quarter worth about $222,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Williams-Sonoma in the 4th quarter worth about $38,000. Tobam acquired a new position in shares of Williams-Sonoma in the 4th quarter valued at about $55,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Williams-Sonoma by 3.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,289 shares of the specialty retailer’s stock worth $46,719,000 after purchasing an additional 7,443 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

WSM opened at $207.26 on Monday. Williams-Sonoma, Inc. has a 12-month low of $103.50 and a 12-month high of $219.98. The stock has a market capitalization of $25.51 billion, a PE ratio of 24.51, a P/E/G ratio of 2.91 and a beta of 1.79. The firm’s fifty day moving average price is $196.39 and its 200 day moving average price is $161.93.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be paid a $0.57 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.10%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.97%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,160 shares of company stock valued at $15,129,352. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WSM. Loop Capital raised 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. Jefferies Financial Group raised their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. TD Cowen upped their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their target price on Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Williams-Sonoma has an average rating of “Hold” and an average target price of $172.34.

Williams-Sonoma Company 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.