OP Asset Management Ltd acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 12,728 shares of the specialty retailer’s stock, valued at approximately $2,321,000.
A number of other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Williams-Sonoma in the fourth quarter worth approximately $316,920,000. Boston Partners purchased a new stake in shares of Williams-Sonoma in the 3rd quarter valued at approximately $254,778,000. First Trust Advisors LP increased its position in shares of Williams-Sonoma by 30.7% in the 3rd quarter. First Trust Advisors LP now owns 2,269,461 shares of the specialty retailer’s stock valued at $443,566,000 after purchasing an additional 532,995 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Williams-Sonoma by 86.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,117,119 shares of the specialty retailer’s stock valued at $199,506,000 after purchasing an additional 516,593 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Williams-Sonoma by 4,142.7% in the 3rd quarter. Wellington Management Group LLP now owns 478,072 shares of the specialty retailer’s stock valued at $93,439,000 after purchasing an additional 466,804 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Williams-Sonoma Price Performance
Shares of NYSE:WSM opened at $239.02 on Friday. Williams-Sonoma, Inc. has a 1-year low of $161.63 and a 1-year high of $244.65. The stock has a market cap of $28.14 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.62 and a beta of 1.51. The firm has a fifty day moving average price of $200.25 and a 200 day moving average price of $197.22.
Williams-Sonoma Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 17th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 22.17%.
Analysts Set New Price Targets
WSM has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Williams-Sonoma from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $218.00 in a research report on Monday, April 13th. TD Cowen cut their price target on Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Wells Fargo & Company set a $190.00 price target on Williams-Sonoma and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Citigroup lowered their price objective on Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, UBS Group upped their price objective on Williams-Sonoma from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.47.
Read Our Latest Analysis on Williams-Sonoma
Insiders Place Their Bets
In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $228.49, for a total value of $254,080.88. Following the transaction, the executive vice president directly owned 21,717 shares in the company, valued at approximately $4,962,117.33. This trade represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Howie sold 1,419 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $188.45, for a total value of $267,410.55. Following the completion of the transaction, the chief financial officer directly owned 34,138 shares in the company, valued at approximately $6,433,306.10. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 55,320 shares of company stock valued at $10,516,069. 1.10% of the stock is owned by company insiders.
About Williams-Sonoma
Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.
The company operates a portfolio of consumer brands that target distinct segments of the home market.
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