SignalPoint Asset Management LLC Makes New $209,000 Investment in Williams-Sonoma, Inc. (NYSE:WSM)

SignalPoint Asset Management LLC bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,129 shares of the specialty retailer’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its stake in Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after purchasing an additional 3,695,837 shares during the period. State Street Corp boosted its holdings in shares of Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Williams-Sonoma by 107.5% during the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after buying an additional 1,393,436 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Williams-Sonoma by 118.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Williams-Sonoma by 324.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock worth $160,537,000 after purchasing an additional 792,068 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WSM. Citigroup dropped their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group upped their price target on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada raised their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. TD Cowen upped their price target on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group boosted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $160.03.

Insider Buying and Selling

In related news, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $8,228,767.32. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the transaction, the chief executive officer now directly owns 990,956 shares in the company, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Williams-Sonoma Trading Up 0.3 %

Shares of NYSE:WSM opened at $199.22 on Friday. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $200.85. The business’s 50 day moving average is $177.84 and its 200-day moving average is $154.89. The firm has a market capitalization of $24.52 billion, a PE ratio of 23.56, a PEG ratio of 3.00 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

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 given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.14%. Williams-Sonoma’s payout ratio is 26.97%.

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.