Isthmus Partners LLC Lowers Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Isthmus Partners LLC trimmed its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,072 shares of the specialty retailer’s stock after selling 365 shares during the quarter. Isthmus Partners LLC’s holdings in Williams-Sonoma were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Smithfield Trust Co boosted its stake 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 purchasing an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC raised its holdings in Williams-Sonoma by 100.0% in the third 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 last quarter. Brooklyn Investment Group bought a new position in shares of Williams-Sonoma in the third quarter worth approximately $28,000. Hobbs Group Advisors LLC grew its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 118 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Williams-Sonoma during the fourth quarter valued at approximately $37,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Laura Alber sold 45,000 shares of the company’s 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 sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Howie sold 1,408 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were 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 of the company’s stock, valued at approximately $9,014,116.16. This trade represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Up 3.5 %

NYSE WSM opened at $188.83 on Monday. The business has a 50-day moving average price of $201.32 and a 200-day moving average price of $170.00. Williams-Sonoma, Inc. has a twelve month low of $117.13 and a twelve month high of $219.98. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.21%. Williams-Sonoma’s dividend payout ratio is currently 26.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WSM shares. JPMorgan Chase & Co. upped 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. Telsey Advisory Group increased their price objective on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” 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 note on Thursday, November 21st. Finally, Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $173.28.

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.