New York State Common Retirement Fund Decreases Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

New York State Common Retirement Fund decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,174 shares of the specialty retailer’s stock after selling 5,300 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Williams-Sonoma worth $14,847,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its stake in shares of Williams-Sonoma by 85.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,671 shares of the specialty retailer’s stock valued at $495,000 after buying an additional 1,228 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Williams-Sonoma by 69.6% in the fourth quarter. Venturi Wealth Management LLC now owns 11,684 shares of the specialty retailer’s stock valued at $2,164,000 after purchasing an additional 4,796 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Williams-Sonoma by 3.4% during the fourth quarter. Truist Financial Corp now owns 340,176 shares of the specialty retailer’s stock valued at $62,994,000 after purchasing an additional 11,058 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Williams-Sonoma by 13.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,181 shares of the specialty retailer’s stock worth $774,000 after purchasing an additional 487 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Williams-Sonoma during the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group increased their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Citigroup dropped 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. Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Loop Capital lifted their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $172.34.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $195.03 on Monday. The business has a fifty day moving average price of $200.78 and a 200-day moving average price of $166.25. The company has a market capitalization of $24.01 billion, a PE ratio of 23.07, a PEG ratio of 2.89 and a beta of 1.79. Williams-Sonoma, Inc. has a 1-year low of $110.93 and a 1-year high of $219.98.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were paid a dividend of $0.57 per share. 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 1.17%. Williams-Sonoma’s dividend payout ratio is currently 26.98%.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.