Townsquare Capital LLC Has $4.65 Million Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Townsquare Capital LLC lifted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 116.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,024 shares of the specialty retailer’s stock after buying an additional 16,162 shares during the period. Townsquare Capital LLC’s holdings in Williams-Sonoma were worth $4,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smithfield Trust Co raised its stake in Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter worth about $26,000. Cassady Schiller Wealth Management LLC increased its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Brooklyn Investment Group bought a new position in Williams-Sonoma during the 3rd quarter valued at about $28,000. Finally, Crewe Advisors LLC acquired a new position in Williams-Sonoma in the second quarter valued at about $29,000. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

WSM opened at $171.39 on Friday. The company has a fifty day moving average price of $145.73 and a two-hundred day moving average price of $145.38. The firm has a market capitalization of $21.10 billion, a PE ratio of 20.27, a P/E/G ratio of 2.61 and a beta of 1.76. Williams-Sonoma, Inc. has a 52 week low of $90.87 and a 52 week high of $181.42.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 18th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, October 18th. Williams-Sonoma’s payout ratio is 26.97%.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $130.49, for a total value of $5,219,600.00. Following the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WSM. Citigroup cut their target price 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 raised Williams-Sonoma from a “hold” rating to a “buy” rating and raised their price target for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Wells Fargo & Company raised their target price on Williams-Sonoma from $140.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Loop Capital upped their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $154.41.

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.