Assetmark Inc. Cuts Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Assetmark Inc. lowered its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 413,916 shares of the specialty retailer’s stock after selling 5,260 shares during the quarter. Assetmark Inc. owned approximately 0.34% of Williams-Sonoma worth $76,649,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Smithfield Trust Co raised its stake in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Brooklyn Investment Group bought a new position in shares of Williams-Sonoma in the 3rd quarter worth $28,000. Sittner & Nelson LLC lifted its stake in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Hobbs Group Advisors LLC lifted its stake in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. TD Cowen boosted their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Gordon Haskett raised shares of Williams-Sonoma to a “hold” rating in a research report on Thursday, February 13th. Loop Capital lifted their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Finally, Citigroup reduced their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $173.28.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction 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 $196,263,808.16. This trade represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, February 27th. The shares were 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. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Down 2.5 %

Shares of NYSE:WSM opened at $182.98 on Wednesday. Williams-Sonoma, Inc. has a 52-week low of $117.13 and a 52-week high of $219.98. The stock has a market cap of $22.52 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.89 and a beta of 1.79. The business has a 50-day moving average price of $201.38 and a 200-day moving average price of $169.03.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, January 17th. Williams-Sonoma’s dividend payout ratio is presently 26.98%.

Williams-Sonoma 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.