Tiemann Investment Advisors LLC Grows Position in Williams-Sonoma, Inc. (NYSE:WSM)

Tiemann Investment Advisors LLC increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,885 shares of the specialty retailer’s stock after purchasing an additional 125 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Williams-Sonoma were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of Williams-Sonoma by 32.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,112 shares of the specialty retailer’s stock valued at $947,000 after acquiring an additional 1,513 shares during the period. Leavell Investment Management Inc. acquired a new stake in Williams-Sonoma in the 3rd quarter valued at approximately $214,000. CWA Asset Management Group LLC purchased a new stake in Williams-Sonoma in the third quarter valued at approximately $2,421,000. Kerusso Capital Management LLC purchased a new stake in Williams-Sonoma in the third quarter valued at approximately $1,660,000. Finally, Atria Investments Inc lifted its stake in Williams-Sonoma by 239.1% during the third quarter. Atria Investments Inc now owns 2,560 shares of the specialty retailer’s stock worth $397,000 after purchasing an additional 1,805 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WSM shares. Barclays boosted their price objective on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a 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 stock a “hold” rating in a research note on Thursday, November 21st. Morgan Stanley increased 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 report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group increased their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $173.28.

Williams-Sonoma Stock Performance

WSM opened at $188.83 on Monday. Williams-Sonoma, Inc. has a one year low of $117.13 and a one year high of $219.98. The company has a market cap of $23.24 billion, a P/E ratio of 22.33, a PEG ratio of 2.89 and a beta of 1.82. The business’s 50-day simple moving average is $201.32 and its 200-day simple moving average is $170.00.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were issued 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 1.21%. Williams-Sonoma’s payout ratio is currently 26.98%.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 1,408 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total value of $273,602.56. Following the transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value 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 approximately $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.