Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 13.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 422 shares of the specialty retailer’s stock after selling 63 shares during the quarter. Lindbrook Capital LLC’s holdings in Williams-Sonoma were worth $78,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co grew its position in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC grew its position in 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 purchased a new position in Williams-Sonoma during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Williams-Sonoma during the 4th quarter worth approximately $37,000. Finally, Kozak & Associates Inc. purchased a new position in Williams-Sonoma during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at $196,263,808.16. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Howie sold 1,408 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total transaction of $273,602.56. Following the transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Trading Up 3.5 %

WSM stock opened at $188.83 on Friday. Williams-Sonoma, Inc. has a 1 year low of $117.13 and a 1 year high of $219.98. The company has a fifty day simple moving average of $201.32 and a 200 day simple moving average of $169.81. The firm has a market cap of $23.24 billion, a PE ratio of 22.33, a PEG ratio of 2.89 and a beta of 1.82.

Williams-Sonoma Dividend Announcement

The company also recently announced 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 1.21%. The ex-dividend date was Friday, January 17th. Williams-Sonoma’s dividend payout ratio is 26.98%.

Analyst Ratings Changes

A number of brokerages have issued reports on WSM. Royal Bank of Canada lifted their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Barclays lifted their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wedbush reissued a “neutral” rating and set a $190.00 target price (up previously from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. Finally, Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $173.28.

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.