Lake Street Advisors Group LLC Sells 116 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Lake Street Advisors Group LLC lessened its position in Williams-Sonoma, Inc. (NYSE:WSM) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,382 shares of the specialty retailer’s stock after selling 116 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Williams-Sonoma were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. LGL Partners LLC bought a new stake in shares of Williams-Sonoma in the 4th quarter worth about $206,000. Los Angeles Capital Management LLC lifted its holdings in shares of Williams-Sonoma by 391.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 21,380 shares of the specialty retailer’s stock worth $3,959,000 after acquiring an additional 17,034 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in Williams-Sonoma in the 4th quarter worth about $293,000. Dividend Assets Capital LLC increased its stake in Williams-Sonoma by 4.5% in the 4th quarter. Dividend Assets Capital LLC now owns 50,990 shares of the specialty retailer’s stock worth $9,442,000 after buying an additional 2,209 shares during the period. Finally, Paradigm Asset Management Co. LLC purchased a new position in Williams-Sonoma in the 4th quarter worth about $537,000. Institutional investors own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WSM shares. Wedbush reaffirmed a “neutral” rating and issued a $190.00 price target (up previously from $175.00) on shares of Williams-Sonoma in a research note on Friday. Barclays raised their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st. Morgan Stanley raised their price target on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Loop Capital raised their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Finally, TD Cowen raised their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $173.28.

Williams-Sonoma Stock Up 1.0 %

Shares of Williams-Sonoma stock opened at $194.23 on Friday. The firm’s 50 day moving average price is $201.46 and its 200-day moving average price is $168.00. Williams-Sonoma, Inc. has a 52-week low of $115.79 and a 52-week high of $219.98. The company has a market cap of $23.91 billion, a P/E ratio of 22.97, a PEG ratio of 2.89 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, January 17th. Williams-Sonoma’s payout ratio is currently 26.98%.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,568 shares of company stock valued at $10,183,355 in the last 90 days. Insiders own 1.50% of the company’s stock.

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.